KPMG Can't Exit Hospital Pension Plan Fight, Judge Says

Law360 (October 16, 2018, 8:02 PM EDT) -- A Mississippi federal judge on Tuesday denied KPMG LLP's bid to toss allegations that it knew or carelessly ignored that Singing River Health System stopped paying into an employee pension plan in 2009.

U.S. District Judge Louis Guirola Jr. refused to dismiss Martha Ezell Lowe's claim against KPMG, which did financial statement auditing for the Mississippi-based hospital system and its Singing River Health System Employees' Retirement Plan and Trust. For one thing, KPMG had argued the claim in the putative class action fell outside of a three-year statute of limitations period.

While the judge said that Lowe's claim would be barred...

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