KPMG’s chair-in-waiting Michael Ebeid is facing renewed pressure to resign before he even officially gets the job after a newly released document revealed the extent of power he and other KPMG directors had over the initial botched investigation into misconduct in its audit division.
Independent director Jane Hemstritch, deputy chair Carmel Mortell, and senior executives such as general counsel Louise Capon and executive director James McClelland are also in the sights of disgruntled partners who want more accountability for the crisis currently engulfing the firm.
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Executive Summary What’s new: The Seventh Circuit affirmed dismissal of an outsider’s qui tam action under the False Claims Act, outlining a potential path to dismissal where a relator lacks ins...