June 17, 2002
Litigation partner Michael Young, a recognized authority on accounting irregularities and financial fraud, continues to be quoted by numerous national and international publications on the aftermath of the Enron collapse and the precarious position of Arthur Andersen.
Litigation partner Michael Young, a recognized authority on accounting irregularities and financial fraud, continues to be quoted by numerous national and international publications on the aftermath of the Enron collapse and the precarious position of Arthur Andersen. In the June 16th edition of The Washington Post, Mr. Young contemplates whether Andersen was “the unfortunate victim of a whole series of lightening-bolt-like misfortunes that all struck at the same place at the same time.” On June 14th Mr. Young told Reuters and The Wall Street Journal that “in substance, the U.S. attorney handed a death sentence in a case that was far from open and shut,” referring to Andersen’s loss of nearly 700 clients and forced reduction of 13,000 employees all prior to a verdict. Mr. Young is also quoted in the June 16th New York Times and June 17th USA Today on Andersen related issues. Michael Young regularly represents issuers, officers, directors, accounting firms, investment banks, brokerage firms, and outside professionals in securities class actions with particular emphasis on accounting irregularities. He actively investigates and defends companies, officers and directors, accounting firms, and others in matters involving financial reporting and liability.