Misleading Financial Statements Lead to $10.8 Million Settlement
$10.8 million settlement in Collins & Aikman Corp. litigation after company’s efforts to cover up risky strategy fail Company’s efforts to cover up risky strategy fail Misleading financial statements were issued to raise stock price In a class-action lawsuit filed in U.S. District Court, Eastern District of Michigan, the plaintiffs asserted that defendant Collins & Aikman Corp. (C&A) and...
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