UDC Homes Securities Litigation

Jun 10, 1999

OUTCOME: Jury Verdict in Favor of Defendant Arthur Andersen

This was a class action by shareholders in UDC Homes filed in 1995 after UDC Homes went bankrupt. Arthur Andersen was the outside auditor for UDC Homes. After a 6 month trial the jury found in favor of ... Arthur Andersen.

McKesson HBOC Securities Litigation

N/A

OUTCOME: Settlement

This securities class action was filed in 1999 after McKesson HBOC announced a restatement of HBOC's financial statements due primarily to revenue recognition issues. Andersen was HBOC's outside audito ... r. A number of lawsuits were filed in various state courts, and a securities class action was filed in the US District Court for the Northern District of California. The last of these cases was settled in 2007.

In Re Countrywide Financial Corporation Securities Litigation

N/A

OUTCOME: Pending