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KPMG Off Hook In Fraud Suit Against Peregrine

Law360 (January 26, 2009, 12:00 AM EST) -- In a securities class action involving accounting fraud at former software firm Peregrine Systems Inc., the U.S. Court of Appeals for the Ninth Circuit has affirmed the dismissal of claims against the company’s financial advisory firm, KPMG LLP, which was accused of participating in the scheme.

On Friday, the Ninth Circuit issued an opinion affirming the U.S. District Court for the Southern District of California’s dismissal with prejudice of claims against KPMG and spin-off company BearingPoint in the long-standing suit filed by investors against 17 individuals...
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