KPMG

A shareholder class action against Arrium directors and auditor KPMG over the $4 billion collapse of the steel manufacturer is seeking to amend its case, saying a “misreading” of the original pleading is no basis to refuse the application.

KPMG CEO Andrew Yates has stepped down over his handling of a senior executive's reports of misuse of confidential client information, as the firm hires Big Six firm Allens to investigate the whistleblower's claims.

A senator has slammed companies for abusing legal professional privilege, after hearing that KPMG has refused to hand over documents in an ASIC investigation into misuse of client information by KPMG auditors.

ASIC is investigating Corporate Travel Management and its auditor PwC, after the travel management company said it would reverse $220 million in revenue after a review found it had overcharged customers. 

A judge has rejected a bid by a shareholder class action against water treatment firm Phoslock and auditor KPMG to put off paying $1.6 million in overdue cash security while negotiations about an ATE policy are on foot.

Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.

A former KPMG executive has accused the firm of misappropriating confidential Lendlease board papers to pursue audit tenders with Westpac and Dexus, while also engaging in adverse action against a whistleblower. 

A judge has approved a settlement with KPMG in a shareholder class action over the collapse of mining company CuDeco, as well as a distribution scheme that will see payments to the funder but not group members.

Phoslock Environmental Technologies, which has produced hundreds of thousands of documents to federal police as part of an investigation of the company's China operations, must hand over the bundle to a class action.

A judge hearing a class action over the collapse of mining company Cudeco has questioned why, despite an in-principle settlement being reached with auditor KPMG, the parties have not sought to formally dismiss the claim.