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BUSINESS
July 9, 2002 | BILL BERGSTROM, ASSOCIATED PRESS
Adelphia Communications Corp. told federal regulators Monday that it decided in June it wasn't appropriate to give former auditor Deloitte & Touche any more information because of the accountant's "unreasonable refusal" to resume an audit of the cable television company. Adelphia made the comments in an amendment to a Securities and Exchange Commission filing in which it had disclosed letters Deloitte wrote the firm and the SEC claiming that Adelphia withheld data the accountants needed.
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BUSINESS
February 28, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
California insurance regulators Thursday accused former officials and associates of failed Executive Life Insurance Co. of fraud in a multibillion-dollar lawsuit that seeks reimbursement of losses for policyholders. The suit accuses Fred Carr, the former chief executive of Executive Life, and Michael Milken, the convicted Drexel Burnham Lambert junk bond trader, of fraud, misrepresentation, breach of fiduciary duty and other wrongdoing that led to the firm's collapse in April.
BUSINESS
July 16, 1999 | From Bloomberg News
The accounting firm Deloitte & Touche said Thursday that it severed its relationship with 2TheMart.com, marking the latest of several setbacks for the company that plans to launch an Internet auction site. Shares of Irvine-based 2TheMart.com plummeted 21% on Thursday after the departure of the accounting firm was disclosed. The stock closed at $14, down $3.63 in heavy trading over-the-counter.
CALIFORNIA | LOCAL
May 17, 1998
Advocates for the mentally ill were shocked by the Board of Supervisors' 3 to 2 decision to merge mental health with welfare and create a new Human Services Agency on April 7. The supervisors hired the consulting firm of Deloitte & Touche to study the issue. The firm raised serious questions about Medicare / Medi-Cal reimbursement and the possible loss of millions of dollars if the license were moved from the Health Care Agency. As a result of that study the county [chief] administrative officer recommended that mental health care remain under the Health Care Agency.
CALIFORNIA | LOCAL
September 3, 2000
Re "Morgan Ordered to Cut Remarks About Long on Statement," Aug. 26. Supervisor Kathy Long's debating Mike Morgan's ballot statement is absurd. The loss of taxpayers' money caused by the merging of the county Behavioral Health Department and the Human Services Agency continues to escalate. Long should have resigned a long time ago for voting in favor of the merger against the advice of then-Chief Administrative Officer Lin Koester and the feasibility study conducted by consultants Deloitte & Touche.
CALIFORNIA | LOCAL
November 8, 1998
Re "Decision on Merger Was Reasoned and Rational," by Supervisor Kathy I. Long, Oct. 11. Supervisor Long's article was a total disappointment to us who have been watching closely since she and Supervisors John Flynn and Susan Lacey voted to merge the Behavioral Health Department with the Public Social Services Administration on April 7. Yes, it's true that the merger was given considerable thought and analysis. In fact, a well-known consulting firm, Deloitte & Touche, was hired with taxpayers' money.
BUSINESS
April 24, 2002 | From Bloomberg News
Deloitte Touche Tohmatsu will combine with Arthur Andersen's Italian practice and Ernst & Young will merge with the Malaysian and Luxembourg affiliates as the two firms divide Andersen's non-U.S. units. Deloitte has agreed to link with 12 of Andersen's overseas practices and Ernst & Young has snapped up 15 after an agreement for a global merger outside the U.S. between Andersen Worldwide and KPMG International broke up last month.
BUSINESS
October 13, 1990 | JOHN LIPPMAN, TIMES STAFF WRITER
Financially troubled Financial News Network said Friday that it terminated its outside accounting firm and fired the network's chief financial officer over payments he allegedly received from an unidentified source. FNN said a special committee of its board had determined that former Chief Financial Officer C. Steven Bolen, 44, "received compensation payments that were not properly authorized." In addition, "certain bank accounts administered under Bolen's direction were not properly directed."
CALIFORNIA | LOCAL
January 24, 1994 | Compiled for The Times by Danielle Masterson
Part-time work is a way of life for many young people, but that first full-time career-oriented job is different. What's the key to finding a good job? What is a good job? These and other questions are asked in this new occasional feature, First Job. If you've had an interesting experience, write or call Voices about it. LISA-ANNE SAMUELS Television production assistant, Universal City, 23 I was an English major with an emphasis in theater at Randolph-Macon College in Ashland, Va.
SPORTS
June 4, 1994 | JAMES BATES and LISA DILLMAN, TIMES STAFF WRITERS
Jeffrey P. Sudikoff, the new majority owner of the Kings, reiterated Friday that turmoil this week at the telecommunications company he heads will not affect the hockey franchise. IDB Communications Group's stock on Wednesday tumbled by more than 50% after the company's auditors, Deloitte & Touche, resigned in an apparent dispute over IDB's accounting practices. The company also confirmed on Friday that the U.S. Securities and Exchange Commission has started an informal review of the dispute.
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