A Pennsylvania judge has dismissed a professional malpractice lawsuit against KPMG employees accusing them of breach of contract, negligence, fraud and negligent misrepresentation.
The suit was brought by JoAnn Tredennick, a majority shareholder in Resco Products, who wanted to sell the company and entered into a contract with KPMG for tax advice and recommendations relating to the sale. She controlled approximately 92 percent of Resco's capital stock.
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