The administrator of insolvent Maple Bank sued auditor Ernst & Young, seeking EU95m euros.
- The suit was filed in Stuttgart, a spokeswoman for the city’s regional court said
- Maple was closed by German financial regulator Bafin as a result of the German investigation into Cum-Ex trades; Ernst & Young worked as auditor and tax advisor for Maple units
- Ernst & Young’s German press office didn’t immediately reply to an email seeking comment
- The administrator, Michael Frege, won a ruling in 2018 ordering Ernst & Young to provide information and documents about its work for Maple. Ernst & Young appealed the ...