March 05, 2024
KPMG and 44,000 of its workers have agreed to a $650,000 settlement in a class action alleging that the Big Four accounting firm weighed down the employees' $6 billion retirement fund with excessive fees and costly investments, according to court documents.
October 12, 2023
KPMG won't oppose former workers' bid to certify a 44,000-member class in their lawsuit alleging the accounting firm saddled their $6 billion retirement fund with excessive fees and costly investments, telling a New Jersey federal court that it will prevail over their claims in the long run.
August 02, 2023
Former KPMG employees asked a New Jersey federal judge to greenlight an estimated 44,000-member class in a suit claiming the accounting firm saddled their $6 billion retirement fund with excessive fees and costly investment options.