Ernst & Young strikes out with third party claims against failed LM Investment

Alan Shearer 2019-10-08 11:47 pm By Christine Caulfield | Melbourne

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Ernst & Young, which is facing a lawsuit brought by the receiver of a fund overseen by failed financial services firm LM Investment Management, has lost its bid to file a claim for damages against LMIM, with a judge saying the auditor’s case was “flawed” and “counterintuitive”.

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