KPMG and its board of directors were hit with an ERISA class action Tuesday in New Jersey District Court on behalf of KPMG 401(k) Plan participants and beneficiaries. The complaint, backed by Capozzi Adler P.C., alleges that KPMG failed to control fees and otherwise breached fiduciary duties owed to plan participants. Counsel have not yet appeared for the defendant. The case is 2:21-cv-19330, Ritorto et al v. KPMG, LLP et al.
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October 26, 2021, 6:45 PM