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F.D.I.C. v. ERNST & YOUNG, LLP

No. 02 C 7914.

256 F.Supp.2d 798 (2003)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. ERNST & YOUNG, LLP, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

April 15, 2003.

Attorney(s) appearing for the Case

F. Thomas Hecht, Ungaretti & Harris, Chicago, IL, Mark C. Kopec, Stephen L. Snyder, Andrew G. Slutkin, Snyder, Slutkin, Lodowski & Kopec, Baltimore, MD, for Federal Deposit Insurance Corporation, in its corporate capacity, plaintiff.

Alan Norris Salpeter, Stanley J. Parzen, Michele Odorizzi, Jonathan C. Medow, Rosaria Vivo Owen, Edward H. Williams, Mayer, Brown, Rowe & Maw, Chicago, IL, for Ernst & Young LLP, defendant.

MEMORANDUM OPINION AND ORDER

GETTLEMAN, District Judge.

Plaintiff Federal Deposit Insurance Corporation (the "FDIC"), in its corporate capacity, initiated the instant suit against defendant accounting firm Ernst and Young ("E & Y"), alleging fraud, gross negligence and accounting malpractice arising from defendant's audit of a failed federal savings bank. E & Y moved to dismiss the complaint, or in the alternative, stay the action pending...

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