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Ex-Sunbeam CEO settles suit for $500,000

...Fla. (AP) -- Former Sunbeam Corp. CEO Al Dunlap will pay $500,000 to settle a lawsuit charging him with improper accounting at Sunbeam, where he earned the nickname "Chain Saw Al" for his relentless job cuts. The judgment against Dunlap...

http://brainerddispatch.com/stories/090502/nne_0905020025.shtml
News
Supervalu sued for allegedly misstating financial condition

...Supervalu common stock from April 4, 2001, through June 26, 2002. According to the lawsuit, Supervalu employed improper accounting practices regarding the cost of goods sold for at least the past four years. As a result, Supervalu announced...

http://brainerddispatch.com/stories/071302/bus_0713020038.shtml
Business
WorldCom says it found another $3.3 billion in faulty accounting

...reform laws after WorldCom's initial disclosure of improper accounting. Clinton, Miss.-based WorldCom, the parent...cleaning up its books. Further disclosures of improper accounting may still be in the offing, the company said in...

http://brainerddispatch.com/stories/080902/nne_0809020043.shtml
News
Former WorldCom execs could face charges

...and Exchange Commission, which said "WorldCom disguised its true operating performance by using undisclosed and improper accounting" in a move directed by WorldCom officials, according to court papers. Lawyers for Sullivan -- who repeatedly...

http://brainerddispatch.com/stories/080102/nne_0801020010.shtml
News
Investors may have gotten dose of confidence from CEOs vouching for company reports

...billion, is not certifying its reports. Last week, WorldCom said it had found an additional $3.3 billion in improper accounting, bringing the total to $7.1 billion. Qwest Communications, under investigation for its accounting of $1...

http://brainerddispatch.com/stories/081502/nne_0815020003.shtml
News
First to fall

...then, executives of Andersen and other major companies, including WorldCom and Adelphia, have been accused of improper accounting. Fastow ran partnerships that allowed Enron to shift debt from its books. He also negotiated deals with Enron...

http://brainerddispatch.com/stories/082102/nne_0821020011.shtml
News
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