Integrated Electrical says reaches settlement with SEC
Legal News Center
Integrated Electrical Services on Friday said it reached a settlement with the U.S. regulators related to an investigation alleging violation of certain accounting laws by the company and six former officers.
The settlement does not require Integrated Electrical to make any monetary payments, the company said in a statement.
A civil complaint was filed by the SEC against the company and its employees alleging improper accounting of certain receivables and inadequate disclosure of its contingent liabilities in certain prior periods.
The complaint also alleged that the company failed to properly disclose a change in its policy for bad debt reserves and the resulting write-down of such reserves in 2003 and 2004.
Related listings
-
Judge Blocks Hawaii Superferry Sailings to Maui
Legal News Center 08/28/2007[##_1L|1379818423.jpg|width="130" height="92" alt=""|_##]A Maui judge today granted a temporary restraining order halting Hawaii Superferry service from Honolulu to the island of Maui until the court can hear evidence Wednesday to determine whether t...
-
Illinois court won't reopen Philip Morris case
Legal News Center 08/24/2007[##_1L|1331906087.jpg|width="130" height="132" alt=""|_##]The Illinois Supreme Court denied requests that would have reopened a case filed by the state's smokers of "light" cigarettes against Philip Morris USA, according to a court document. The 4-2 ...
-
Ex-Gov. Ryan will remain free during second appeal
Legal News Center 08/22/2007[##_1L|1366027468.jpg|width="130" height="130" alt=""|_##]Former Gov. George Ryan will remain free while he pursues a second appeal of his sweeping fraud and corruption convictions, the 7th U.S. Circuit Court of Appeals ruled late this afternoon. In ...
Victorville CA DUI defense Attorneys
The outcome of a DUI defense will have a long-term effect on anyone’s life, making the decision to receive legal representation an easy one. The fact is, most people accused of a DUI are first offenders with no criminal background. Whether this is your first run in with the law or you have had previous convictions, you are in need of a DUI defense attorney.
The charges you are facing for a DUI range from fines, a 12-month suspension on your license and worst-case scenario, prison time. Your attorney will be able to analyze your situation to decide the best way to go about your case.
Our attorneys know the tricky ways to challenge all of the DUI tests and know how to claim improper collection of evidence. We will be able to negotiate on your behalf and free you from charges and help you keep your drivers license. The DUI process can last up to several months, we can make this process easier on you. .