KPMG Appeals Decision On Executives' Legal Fees

Law360, New York (September 19, 2006, 12:00 AM EDT) -- Hoping to get out of paying the legal bills for 16 former executives implicated in a tax-shelter scandal, accounting firm KPMG LLP is appealing a recent court ruling and asking for a delay in a pending civil trial until the appeal is decided.

KPMG’s lawyers said in court documents filed Monday that there is a “substantial likelihood” that it will succeed in its appeal. Moving forward with the civil case before the appeal is decided “will irreparably deprive KPMG of its interests in arbitration before the...
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