KPMG deal possible today, sources say
Rumours reach fever pitch as deal is expected today
Rumours of a deal in KPMG’s long-running battle with the Department of
Justice over tax shelters have reached fever pitch, as some predict a deal and
charges for eight former partners would be announced later on today.
KPMG’s US board is said to have met last night to discuss signing a deal,
according to reports.
It also emerged that Richard Breeden, the former SEC chairman, is being lined
up to monitor the firm as part of any deal.