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KPMG Loses 2nd Bid To Nix Advanta Shareholder Class Action

By Linda Chiem ( September 18, 2012, 7:21 PM EDT) -- A Pennsylvania federal judge on Tuesday affirmed her decision to revive an amended securities class action alleging directors of defunct credit card company Advanta Corp. and its auditor KPMG LLP concealed Advanta's bleak finances from investors, saying the plaintiffs' allegations were sufficiently pled....

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