|
 |
KPMG, Law Firm Agree to Settle for $275M NEW YORK, Oct. 3, 2005 (United Press International) Big U.S. accounting firm KPMG LLP and a law firm agreed to pay $225 million to settle a class action suit by some 275 former KPMG clients. KPMG and the Sidley Austin Brown & Wood LLP law firm reached a preliminary agreement with the Milberg Weiss Bershad & Schulman LLP law firm to pay the money, the Wall Street Journal reported Friday. Former clients would get $175 million; Milberg's fees could reach as high as $30 million; and another $20 million would be budgeted for "administrative" fees and potential distributions to other would-be class members. A federal court in New Jersey must approve the deal. |
|
|
|||||||||||||||||||
|
||||||||||||||||||||||
|
|
||||||||||||||||||||||
|
||||||||||||||||||||||
