KPMG Consulting Involved in $50 Million Lawsuit
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 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.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.