Bain sues EY over $60-m loss in Lilliput Kids Wear

Bain sues EY over $60-m loss in Lilliput Kids Wear

Ozzie Mascarenhas SJ, Ph.D. St. Aloysius
June 29, 2015
SKU: BUS-00018

Region of the world: North America
Topic: Strategy & General Management, Ethics & Social Justice, Finance & Accounting, Marketing & Sales, Operations
Page length: 6
Keywords: Children| Lilliput| clothing| retail| marketing| misrepresentation| Bain| Fini & Jony| Catmoss|CY|Asian Financial Crisis|
Price: Free
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Cases in Corporate Ethics 5.2: The case involves three key stakeholders – Bain Capital Partners, Lilliput Kids wear and Ernst & Young. It brings to light the classic case of breach of trust. This is arguably the most high-profile alleged accounting fraud case which also involves negligent misrepresentation, and unfair and deceptive trade practices. The events in case have led to breakdown of the mutual trust between Bain and EY, painstakingly built over several years.