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