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UNDERLAND v. ALTER et al
Case Number:
2:10-cv-03621
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Multi Party Litigation:
Class Action
Judge:
Firms
- Ajamie LLP
- Ballard Spahr
- Dechert LLP
- Kanner & Whiteley
- Law Office of David W. Engstrom
- Mayer Brown
- Morgan Lewis
- Saul Ewing
- Shuman Glenn
- White and Williams
Companies
Sectors & Industries:
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February 06, 2014
CORRECTED: KPMG, Ex-Advanta Execs Pay $3.5M To Exit Investor Suit
KPMG LLP and former Advanta Corp. executives will pay $3.55 million to settle a putative securities class action alleging the accounting firm, along the defunct credit card company’s directors, concealed dour financials from Advanta investors, according to a motion filed in Pennsylvania federal court Thursday. (Correction: An earlier story incorrectly reported the distribution of the settlement payments among the defendants. The error has been corrected.)
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September 18, 2012
KPMG Loses 2nd Bid To Nix Advanta Shareholder Class Action
A Pennsylvania federal judge on Tuesday affirmed her decision to revive an amended securities class action alleging directors of defunct credit card company Advanta Corp. and its auditor KPMG LLP concealed Advanta's bleak finances from investors, saying the plaintiffs' allegations were sufficiently pled.
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July 17, 2012
Advanta, KPMG Can't Dodge Shareholder Class Suit
A Pennsylvania federal judge on Monday breathed new life into a class action accusing directors of defunct credit company Advanta Corp. and its outside auditor KPMG LLP of hiding the company's bleak finances from investors, reviving an amended suit that had largely been nixed in September.
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September 13, 2011
Advanta, KPMG Nix Most Shareholder Class Claims
Former directors of defunct credit card company Advanta Corp. and its outside auditor KPMG LLP on Friday managed to nix most claims in a Pennsylvania class action alleging they hid the company's bleak financial outlook from investors.