Louisiana Enron?

The Business Report provides coverage of the pending trial between the United Companies bankruptcy receiver, William Hays, and the failed company's auditor, Deloitte and Touche.

Like the Enron scandal," Hays claims in court papers, "it (his lawsuit) alleges that one of the country's largest audit and accounting firms engaged in fraud, deceit and other misconduct while lining its pockets with millions of dollars in fees."

"The 'big boys' left Louisiana with their 'ill-gotten treasures' and went back to New York City, leaving the employees of United Companies and their families holding the empty bag," Hays claims.

Posted by AJR at June 11, 2003 07:49 AM