6th Circuit Dismisses Class Certification Appeal In KPMG Misrepresentations Suit

Mealey's (October 26, 2022, 3:17 PM EDT) -- CINCINNATI — A Sixth Circuit U.S. Court of Appeals panel on Oct. 25 dismissed KPMG LLC’s request for permission to appeal a federal district court’s order certifying a two plaintiff classes in a securities class action against the auditor over its alleged assistance given to an oil and gas exploration company’s scheme to defraud investors out of millions of dollars by overly inflating valuations of Alaskan oil and gas assets the company owned after a joint stipulation of dismissal was reached in the appeal....