Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff April 23, 2021 By Janice Kew An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims March 23, 2021 By Janice Kew Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as...
S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims March 1, 2021 By Janice Kew Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims...
South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits July 27, 2020 South Africa’s Steinhoff has proposed to pay around $1 billion to settle outstanding legal claims following a massive accounting fraud,...
South African Retailer Steinhoff to Sell Assets After $7B Accounting Fraud August 13, 2019 Scandal-hit South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become...
Ex-CEO, 7 Other Execs Blamed for $7.4B Accounting Fraud at S. Africa Retailer Steinhoff March 19, 2019 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud...
CBS Settles $1.25M Investor Lawsuit over ‘Improper’ Redstone Compensation March 18, 2019 By Jef Feeley and Lucas Shaw CBS Corp. directors agreed to settle for $1.25 million investors’ claims that network owner Sumner Redstone received millions of dollars...
D&O Lawsuits by FDIC on Record-Setting Pace: Cornerstone Research September 17, 2013 This year’s Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three...