KPMG To Pay $224M To Get Out Of SVB Investor Suit

By Jessica Corso · November 6, 2026, 8:41 PM EST

Norway's central bank announced Friday that KPMG LLP has agreed to pay $224.5 million to settle a class action in California federal court accusing it of ignoring red flags in auditing...

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Case Information

Case Title

In re SVB Financial Group Securities Litigation

Case Number

5:23-cv-01097

Court

California Northern

Nature of Suit

Securities/Commodities

Date Filed

March 13, 2023