Attorney Jacob Frenkel Comments in Forbes Article about MF Global Case
- Frenkel, Jacob S. .
- Media Mentions
Want to get our alerts?
Click “Subscribe Now” to get attorney insights on the latest developments in a range of services and industries.
In the article “Did The Accountants Kill MF Global? Jury to Decide in $3 Billion PwC Suit,” published by Forbes, written by Dan Fisher, Attorney Jacob Frenkel, who Chairs the firm's Government Investigations and Securities Enforcement practice, comments on the central question in the case.
MF Global, the bankrupt commodities trading firm, blames PwC for its collapse and are suing the firm for negligence. The central question in this case is whether MF Global failed because of a flawed investment strategy by former chief Jon Corzine of investing billions of dollars in European sovereign debt, or PwC’s opinion that MF Global could keep those bonds off its books.
“This case aggressively and dangerously seeks to redefine the role of auditors from reviewers – auditors – of financial statements and presentation to a guarantor of business judgment,” said Mr. Frenkel, a former Securities and Exchange Commission enforcement lawyer and partner in charge of the government investigations practice.
To read the full article, please click here.
MF Global, the bankrupt commodities trading firm, blames PwC for its collapse and are suing the firm for negligence. The central question in this case is whether MF Global failed because of a flawed investment strategy by former chief Jon Corzine of investing billions of dollars in European sovereign debt, or PwC’s opinion that MF Global could keep those bonds off its books.
“This case aggressively and dangerously seeks to redefine the role of auditors from reviewers – auditors – of financial statements and presentation to a guarantor of business judgment,” said Mr. Frenkel, a former Securities and Exchange Commission enforcement lawyer and partner in charge of the government investigations practice.
To read the full article, please click here.
Contacts
Jacob Frenkel
Member and Chair of Government Investigations & Securities Enforcement
Washington, D.C.
Recent Insights
- April 25, 2024 In the News Peter Westcott Joins Dickinson Wright Toronto Office
- April 25, 2024 In the News Elizabeth Luckenbach to Receive the 2024 Professionalism Award from the Oakland County Bar Association
- April 24, 2024 In the News Jessica Bartlett Rejoins Dickinson Wright Washington, D.C. Office
- April 24, 2024 Industry Alerts FTC Declares Employees Free from Most Noncompetes, But How Far Does the Ban Go and Will It Last?
- April 23, 2024 In the News The Federation of Regulatory Counsel’s (FORC) Journal of Insurance Law and Regulation recently published an article by Daniel Cotter titled, “IPAS Brewing in Illinois.”
- April 22, 2024 Webinars Corporate Transparency Act – What's All the Hoopla
- April 22, 2024 In the News Two Dickinson Wright Lawyers Recognized in Who’s Who Legal Corporate Immigration 2024
- April 22, 2024 In the News Jacob Frenkel was recently interviewed for CNBC news, “Sam Bankman-Fried sentencing underway: Here’s what you need to know.”
- April 22, 2024 Industry Alerts Keep Your Server Permit: No Drinking on the Job