Securities – Tort/Negligence – Fraud – Accountants – Corporate Audits – Scienter – RecklessnessIn re aaiPharma, Inc. Securities Litigation. (Lawyers Weekly No. 07-02-1375, 12 pp.) (James C. Dever III, J. - Order) E.D.N.C. Where plaintiffs cannot show that defendant Ernst & Young was severely reckless in issuing its audit opinion in relation to defendant aaiPharma, then plaintiffs have failed to state a claim for securities fraud. Ernst &Young's motion to ...
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Published: December 24, 2007
Time posted: 1:00 am