A federal judge here denied a motion to dismiss the WorldCom class-action litigation against its auditor - former Big Five firm Andersen - charging that the plaintiffs had "identified a host of audit failures."
Judge Denise Cote of the Southern District Court of New York cited in a 60-page opinion that those failures "would permit a jury to find that there was an egregious refusal to see the obvious, repeated failures to investigate the doubtful, and a pattern of acquiescence in improper accounting practices."
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