KPMG Sued for £1.3 Billion Over Negligent Carillion Audits
- U.K.’s Official Receiver filed suit at London’s High Court
- KPMG says any failure lies with Carillion and its board
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KPMG LLP was sued for 1.3 billion pound ($1.8 billion) by the administrators of defunct U.K. contractor Carillion Plc. over allegations its audits were negligent and misleading.