Latham & Watkins partners Jason C. Hegt, Jamie L. Wine and associate Corey Calabrese have stepped in to represent auditing firm KPMG and other defendants in a pending shareholder class action.

The complaint, filed May 28 in the U.S. District Court for the Southern District of New York by Bottini & Bottini, alleges that the defendants engaged in a continuing course of misconduct that allowed bank insiders to personally profit while the bank was buried in losses, leading to its demise.