Global Investigations Review - The law and practice of international investigations

KPMG’s US arm dodges $1.1 billion Oceanografía fraud lawsuit

By James Thomas

24 August 2020

KPMG’s US arm dodges $1.1 billion Oceanografía fraud lawsuit KPMG (Credit: shutterstock.com/JHVEPhoto)

A Delaware judge has dismissed a claim alleging that the US arm of accounting firm KPMG can be held liable for failing to detect a multimillion-dollar fraud scheme at defunct Mexican oil company Oceanografía.