January 5, 2005

Deloitte & Touche Obtains Dismissal Of Royal Ahold-Related Claims

The Baltimore Business Journal reports that Deloitte & Touche, along with a few other corporate and individual defendants, has been dismissed from the Royal Ahold N.V. securities litigation pending in the D. of Md. The case stems from the Dutch retailer's $1.1 billion earnings restatement last year. Deloitte & Touche served as the auditors for Royal Ahold and its U.S. subsidiaries. The court's lengthy decision can be found here.

Disclosure: The author of The 10b-5 Daily is quoted in the article.

Posted by Lyle Roberts at January 5, 2005 5:50 PM | TrackBack
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