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JUDGE POSTPONES KPMG TRIAL INDEFINITELY

November 15, 2006

Judge Lewis Kaplan has postponed the criminal trial of 16 former KPMG executives and employees until a dispute over legal fees is settled. The trial will not resume until an appeals court determines whether the firm has to advance legal fees to the defendants.

The judge has been critical of the government's past efforts to prevent KPMG from paying the defendant's legal costs.

Links:

MSNBC
Financial Times
Tax Analysts ($link)

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