EY Drops Appeal In $11M Dubai Whistleblowing Case

Law360, London (March 29, 2021, 4:48 PM BST) -- Accounting firm EY has abandoned its fight to overturn findings that it owes a former partner $10.8 million in damages after he was forced out for refusing to cover up a client's gold smuggling operation.

The firm, formerly Ernst & Young, confirmed on Monday that it had dropped its appeal of High Court Judge Timothy Kerr's 2020 ruling that it had failed to perform an audit on a Dubai-based gold producer in an ethical and professional manner.

Judge Kerr awarded $11 million to Amjad Rihan, a former EY partner, who alleged that he was forced to flee Dubai after accusing the...

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