KPMG to Pay $10 Million to Settle Charges Over Gemstar Audits
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KPMG LLP yesterday agreed to pay $10 million to settle Securities and Exchange Commission charges that the firm and four accountants engaged in improper professional conduct, leading to repeated audit failures at client Gemstar-TV Guide International Inc.
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A company that distributed human growth hormone to "well known athletes and entertainers" has agreed to pay a $10.5 million penalty and cooperate with law enforcement in ongoing investigations, federal prosecutors said Tuesday.
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The government says it is near agreement with BP PLC and Shell Oil Co. to recoup some of nearly $10 billion in lost royalty revenue from improperly prepared oil and gas leases.
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The accounting firm KPMG has agreed to settle a shareholder lawsuit claiming the company failed in its audit of a software company which later collapsed.
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The Securities and Exchange Commission said Wednesday that accounting firm KPMG LLP will pay $10 million to Gemstar-TV Guide International shareholders to settle allegations it committed improper conduct in Gemstar&#39;s audit.
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WASHINGTON -- Fannie Mae yesterday sued KPMG LLP, its former outside auditor, for $2 billion, alleging negligence and breach of contract that resulted in the mortgage leader having to restate billions of dollars in profit.
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Time Warner agreed to pay $210m (Â£108m) yesterday to settle criminal fraud charges related to its internet service provider America Online.
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Parmalat, the Italian food company that went bankrupt after a crippling financial scandal, last night sued outside auditors Grant Thornton and Deloitte &amp; Touche, seeking $10bn (£5.5bn) in damages.
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Purdue Pharma LP has agreed to pay $10 million to the state to settle a lawsuit that accused the company of dishonestly marketing the painkiller OxyContin in West Virginia.
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The founders of the money management firm Pilgrim Baxter &amp; Associates agreed yesterday to each pay $80 million in a settlement that resolves a longstanding complaint that they improperly profited
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The American and Belgian arms of KPMG International have agreed to pay $115 million to settle claims of accounting malpractice.
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Fannie Mae investors should be entitled to about $10 billion in compensation for losses stemming from accounting manipulation at the mortgage finance company, Ohio Attorney General Marc Dann said yesterday .
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Federal prosecutors charged former Computer Associates chairman and chief executive Sanjay Kumar and a former sales executive with 10 counts each of securities fraud and obstruction of justice, as the company reached a multimillion-dollar agreement on
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Chicago-based Whitehall Jewellers, the third-largest US jewelry retailer, will pay $15.1 million to resolve a federal investigation into accounting fraud at one of the company&#39;s jewelry suppliers.
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Biggest fine for US accounting firm will settle charges it mishandled Gemstar-TV Guide&#39;s books. WASHINGTON  - KPMG will pay $10 million -- the largest fine ever against a US accounting firm -- to
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Purdue Pharma has agreed to pay $10 million to the state to settle a lawsuit that accused the company of dishonestly marketing the painkiller OxyContin in West Virginia.
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The data aggregator said that it has reached a deal to settle a class-action suit filed by shareholders over the massive data breach the company disclosed in early 2005.