In re Cardinal Health, Inc. Securities Litigation (Securities Fraud)
Plaintiffs, investors in Cardinal Health, Inc., filed a securities fraud action against Cardinal Health, its individual executives and Cardinal’s independent auditor, accounting firm Ernst & Young, alleging that from 1998 through 2002 the company, aided by Ernst & Young, engaged in a scheme to artificially inflate its earnings and conceal its debt. In October 2007, the court approved a settlement establishing a $600 million fund to be distributed to investors who purchased Cardinal Health stock between October 2000 and July 2004.
- Misconduct Type
- Enforcement Agency
- Contracting Party
- Court Type
- Date of Filing
|Cardinal Health, Inc.||$600,000,000|