Dana Execs Lose Bid To Toss Accounting Fraud Action
The plaintiffs, institutional investors who owned Dana stock, have adequately made a case that four company executives deliberately fudged their revenue numbers to save their jobs, Judge James G. Carr of the U.S. District Court for the Northern District of Ohio said.
“To be sure, accounting violations themselves to do not show scienter,” Judge Carr said. “But...
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