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KPMG Consulting Involved in $50 Million Lawsuit

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CarsDirect.com has filed a $50 million lawsuit alleging that KPMG Consulting "knowingly misled" the online auto store about customer-tracking software, the LA Times [1] reports.

The Internet firm says that KPMG, which had advised CarsDirect.com to change its customer-tracking software to a more advanced system, caused "significant operating losses" at the firm.

KPMG plans to defend itself, the newspaper reports, and demand the online firm pays the outstanding $1.2 million balance on its bill.

Tags 
Consulting [2]
Source URL: http://www.accountingweb.com/topic/kpmg-consulting-involved-50-million-lawsuit

Links:
[1] http://www.latimes.com/business/cutting/20001128/t000114034.html
[2] http://www.accountingweb.com/tags/consulting