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Who's to blame?
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The auditor did it,
That's the central claim in a Baton Rouge lawsuit pending against Deloitte and Touche LLP, the nation's second-largest accounting firm and, for three decades, auditor of United Companies Financial Corp.
The homegrown mortgage lender for people with bad credit ascended to Wall Street darling status in
the early 1990s, then flamed out with a spectacular $605 million write-off that stunned investors and triggered its bankruptcy in 1999.
Deloitte and Touche-and not ex-CEO J. Terrell Brown or other top executives at United Companies-caused $1 billion in losses, a ...
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