KPMG will pay an undisclosed amount to settle a $50 million malpractice lawsuit brought by a former client, computer case and accessory supplier Targus Group International Inc.
Court officials said that the settlement was reached after six months of negotiations between KPMG and Orange County, Calif.-based Targus, a privately held company. Spokesmen for KPMG said that the settlement was made to avoid more costly litigation. The exact terms of the deal will not be released.
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