The U.S. Securities and Exchange Commission has sued Deloitte's Shanghai arm, after issuing Wells notices to two Chinese companies that trade on U.S. exchanges. The move could signal the start of a long-awaited enforcement drive, reports The Am Law Litigation Daily.
SEC Takes on Deloitte Unit over Audit Records as Pressure Mounts on Chinese Companies with U.S. Listings
The American Lawyer
September 12, 2011
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