TBA Law Blog


Posted by: Paul Burch on Jul 24, 2023

An item in Friday’s issue of TBA Today contained information from a KnoxNews story that was not correct. The article dealt with the awarding of cy pres funds in a recently decided lawsuit involving international accounting firm KPMG LLP. The article incorrectly stated that Tennessee attorney Gordon Ball had argued for unclaimed funds to be directed to the University of Tennessee's Neel Corporate Governance Center. That request was in fact made by lead plaintiff Lewis Cosby, as is noted in the Report and Recommendation filing from U.S. Magistrate Judge Debra Poplin. The article also said that there was more than $23 million available in unclaimed funds. This is incorrect. That number is the amount set aside for victims, not the amount unclaimed.