KPMG Settles Accounting Fraud Class Action

By Megan Stride (August 31, 2010, 4:44 PM EDT) -- A federal judge has given her initial stamp of approval to a $1.75 million settlement of a consolidated class action brought by former Allou Healthcare Inc. shareholders who accused auditors KPMG LLP and Arthur Andersen LLP of failing to discover accounting fraud at the bankrupt pharmacy products provider....

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