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01/09/04 - New York Times / Parmalat Scandal

"The ejection of the Italian firm 'is predominantly a PR move,'  said Dan L. Goldwasser , a lawyer at the firm of Vedder Price in New York, aimed at preserving some of the good will associated  with the Grant Thornton name.  'It is designed to protect the brand,' he said.

Ensuring that all the different member firms adhere to the same standards is not easy, he continued.  'If you get too heavily involved in these operations, then you take on liability, and nobody wants to do that,'  Mr. Goldwasser said.  'So you have to walk a tightrope.' "

 
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