Law Practice
Jul. 27, 2007
Judge Tosses All KPMG Shareholder Claims
LOS ANGELES - A federal judge in Los Angeles dismissed all claims against KPMG in a derivative-shareholder lawsuit against Vitesse Semiconductors related to its $120 million financial restatement because of misdated stock options and other accounting irregularities.
Daily Journal Staff Writer
LOS ANGELES - A federal judge in Los Angeles dismissed all claims against KPMG in a derivative-shareholder lawsuit against Vitesse Semiconductors related to its $120 million financial restatement because of misdated stock options and other accounting irregularities.
U.S. District Judge Manuel L. Real's Monday ruling followed the plaintiff...
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