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Criminal

Jun. 30, 2007

Company Sues Auditor for Stock-Options Troubles

LOS ANGELES - Vitesse Semiconductors, a Camarillo-based company that discovered problems with its stock-options grants and accounting records more than a year ago, is now blaming its former auditor, KPMG.

By Gabe Friedman
Daily Journal Staff Writer

      LOS ANGELES - Vitesse Semiconductors, a Camarillo-based company that discovered problems with its stock-option grants and accounting records more than a year ago, is now blaming its former auditor, KPMG.
      In a lawsuit filed in Los Angeles County Superior Court, Vitesse accuses KPMG of negligence and deceit as well as aiding former Vitesse...

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