Mealey's (May 10, 2021, 2:19 PM EDT) -- KNOXVILLE, Tenn. — A federal judge in Tennessee on May 7 substantially denied KPMG LLP’s motion to dismiss shareholder class claims alleging that the auditor assisted an oil and gas exploration company in defrauding investors of millions of dollars based on allegedly overly inflated valuations of Alaskan oil and gas assets the company owned, ruling that the shareholder’s claim brought pursuant to Section 11 of the Securities Act of 1933 was not barred under the statute of repose and because the shareholders had standing to bring the claim....