Settlement Reached with Ernst & Young

Firm attorneys, Andrew Mytelka and David Le Blanc, represented American National Insurance Company and affiliates, and The Moody Foundation, in reaching a confidential settlement with Ernst & Young. The Company and Foundation lost over $20 million due to Ernst & Young aiding Lehman Brothers in concealing material amounts of debt through the use of Repo 105 in the years leading up to what is considered the largest bankruptcy filing in U.S. history.