A Delaware Chancery Court judge has granted a “mulligan” to plaintiffs who ran into a novel procedural issue in their $1.1 billion negligent misrepresentation suit against KPMG and its affiliates.
Vice Chancellor Morgan T. Zurn on Thursday allowed Otto Candies and other plaintiffs to file a new complaint despite their failure to comply with a court rule governing amended complaints in the case, which accuses KPMG of failing to detect a massive financial fraud by Citigroup Inc. and a KPMG client in Latin America.
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