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March 7, 1992 | From Times Staff and Wire Reports
RTC Seeks Damages From Accountants: The Resolution Trust Corp. said it is seeking $250 million in damages from two accounting firms over their audits of two savings and loans whose failures cost taxpayers more than $1 billion. The thrift bailout agency said it filed a $150-million suit against Deloitte & Touche of Wilton, Conn., and its partners in connection with audits of the failed Otero Savings & Loan Assn. of Colorado Springs, Colo.
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BUSINESS
March 7, 1992 | From Times Staff and Wire Reports
RTC Seeks Damages From Accountants: The Resolution Trust Corp. said it is seeking $250 million in damages from two accounting firms over their audits of two savings and loans whose failures cost taxpayers more than $1 billion. The thrift bailout agency said it filed a $150-million suit against Deloitte & Touche of Wilton, Conn., and its partners in connection with audits of the failed Otero Savings & Loan Assn. of Colorado Springs, Colo.
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