Reliant Energy has agreed to pay $68 million, and its accounting firm, Deloitte & Touche, agreed to pay $7 million to settle class action lawsuits by former Reliant shareholders who alleged that the companies failed to disclose in documents related to Reliant’s initial public offering (IPO) in April 2001 that it engaged in round-trip energy trading in an effort to exaggerate its revenues and trading volumes.
Touche
Articles from Touche
Deloitte Recommends Regulatory Update on Reserves Reporting
Consulting firm Deloitte & Touche LLP in a new report is urging regulators to update global reporting requirements for oil and natural gas reserves to both improve information available to markets and restore confidence in reserves reporting.
February 14, 2005
Deloitte Recommends Regulatory Update on Reserves Reporting
Consulting firm Deloitte & Touche LLP in a new report is urging that regulators to update global reporting requirements for oil and natural gas reserves to improve information available to markets and to restore confidence in reserves reporting.
February 11, 2005
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