The lawsuit, filed in January in federal district court, claims KPMG made significant auditing errors, including “masking” the underfunding of Singing River’s pension plan. The lawsuit includes claims for breach of contract, professional malpractice and negligence for allegedly committing “egregious failures in auditing Singing River’s financial statements,” which led to an $88 million adjustment.
KPMG has filed a motion to dismiss the lawsuit in district court, claiming the lawsuit doesn’t belong in federal court. KPMG is also claiming that under the contract it has with Singing River disputes are to be negotiated through arbitration, according to the report.
More articles on healthcare industry lawsuits:
NY physician pleads guilty in $14.2M Medicare fraud scheme
FTC fails to speed up St. Luke’s divestiture of Saltzer
Antitrust enforcement doesn’t take back seat to PPACA provisions
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