Ex-TierOne Shareholders Sue KPMG Over Faulty Audit

Law360, New York (January 17, 2013, 3:36 PM EST) -- Former TierOne Bank shareholders on Monday hit KPMG LLP and two senior executives at the accounting firm with a proposed class action, alleging that they ignored “red flags” in the failed Nebraska bank's mortgage portfolio that ultimately led to its failure.

The former TierOne shareholders allege in the complaint, filed in Nebraska federal court, that KPMG and two of its executives, partner John J. Aesoph and senior manager Darren M. Bennett, made false claims about the quality of audits they performed for TierOne when they gave...
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Case Information

Case Title

Valentino v. KPMG LLP et al


Case Number

8:13-cv-00022

Court

Nebraska

Nature of Suit

Stockholders Suits

Judge

Joseph F. Bataillon

Date Filed

January 13, 2013

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