A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management.
The applicant in a class action against Blue Sky Alternative Investments and auditor EY has raised an “often overlooked” principle to challenge the separate legal representation of two of the company’s directors, dodging applications for almost $15 million in security – for now.
Financial services giant Willis Towers Watson ordered a former executive to lie to clients on his way out of the organisation and imposed an “unreasonable” two-year employment restraint, a NSW Supreme Court has found.