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Article Date: April 2018
Word Count: 524

Performance Sports Group Case Ain’t Over ‘Til It’s Over

The trustee for the estate of the now liquidated company is demanding that the court allow it to follow through on an investigation of the circumstances behind KPMG’s refusal to sign off on PSG’s 2016 financial statement, an event that created a default on the company’s credit agreements at the time and ultimately led to the bankruptcy filing. The trustee wants an explanation of what KPMG knew about acts that it uncovered in the course of its audit that it said were possibly illegal. These acts were brought to the attention of the board and KPMG requested that the board ... Log in to view full article.


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