LOS ANGELES– LAWFUEL – The Law Newswire –Vitesse Semiconductor Corporation (Pink Sheets:VTSS) today announced it has filed a lawsuit in the Superior Court for the County of Los Angeles against auditing firm KPMG, LLP alleging KPMG failed to properly provide auditing and other services to Vitesse during the time period 1994 to 2000. By way of the Complaint, Vitesse seeks damages in excess of $100 million resulting from KPMG’s audit failures.
Vitesse designs, develops and markets a diverse portfolio of high-performance, cost-competitive semiconductor solutions for communications and storage networks worldwide. Engineering excellence and dedicated customer service distinguish Vitesse as an industry leader in Gigabit Ethernet LAN, Ethernet-over-SONET, Serial Attached SCSI, Optical Transport, and other applications. Vitesse innovation empowers customers to deliver superior products for Enterprise, Access, Metro, and Core applications. Additional company and product information is available at www.vitesse.com.
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