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Financial Post quotes Jon Levin in an article about Ernst & Young’s tentative settlement in two regulatory cases against it

Fasken
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“Ernst & Young reaches tentative settlement in cases involving Sino-Forest, Zungui Haixi” by Barbara Shecter, Financial Post

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“There is a ‘powerful incentive’ for audit firms to settle such cases, said Jon Levin, a veteran securities lawyer at Fasken Marineau DuMoulin LLP in Toronto. ‘Many accounting firms that are named in proceedings are genuinely convinced that they have met all professional standards but still settle for fear that the process including long, drawn out litigation will diminish their reputation,’ he said.”

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