Akai controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2009
Ernst & Young settlement
Ernst & Young paid an out-of-court settlement in litigation alleging negligence and problems with the auditing of Akai-related accounts. A separate former partner also made a substantial payment to Akai creditors in his capacity as Grande Holdings chairman.
2005
James Ting false-accounting conviction
James Ting, associated with Akai's leadership and Grande Holdings, was imprisoned for false accounting in proceedings connected with the collapse of Akai Holdings.
2000
Akai Holdings insolvency and corporate-collapse controversy
Akai Holdings entered insolvency proceedings after its business and finances deteriorated. Subsequent proceedings examined the transfer of the company's ownership interests to Grande Holdings and alleged misconduct involving senior management and accounting records.