Public Employees' Retirement Ass'n v. Deloitte & Touche LLP
Court of Appeals for the Fourth Circuit
1Opinion of the Court
Affirmed by published opinion. Judge WILKINSON wrote the opinion, in which Judge AGEE and Judge COPENHAVER joined.
OPINION
WILKINSON, Circuit Judge:
This class action securities fraud lawsuit arises out of improper accounting by Royal Ahold, N.V., a Dutch corporation, and U.S. Foodservice, Inc. (“USF”), a Maryland-based Ahold subsidiary. The misconduct of Ahold and USF is not disputed in this appeal; at issue is the liability of Ahold’s accountants, Deloitte & Touche LLP (“Deloitte U.S.”) and Deloitte & Touche Accountants (“Deloitte Netherlands”), for their alleged role in the fraud perpetrated…
2Cases cited13 opinions
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- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc.Supreme Court of the United States · 2008
- Nourison Rug Corp. v. ParvizianCourt of Appeals for the Fourth Circuit · 2008
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- New Mexico State Investment Council v. Ernst & Young LLPCourt of Appeals for the Ninth Circuit · 2011
- Dronsejko v. ThorntonCourt of Appeals for the Tenth Circuit · 2011
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