The Baltimore Business Journal reports that Deloitte & Touche, along with a few other corporate and individual defendants, has been dismissed from the Royal Ahold N.V. securities litigation pending in the D. of Md. The case stems from the Dutch retailer’s $1.1 billion earnings restatement last year. Deloitte & Touche served as the auditors for Royal Ahold and its U.S. subsidiaries.
Disclosure: The author of The 10b-5 Daily is quoted in the article.
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