Collins & Aikman Ex-Execs Take The Fifth

Law360, New York (July 20, 2007, 12:00 AM EDT) -- Two former executives of bankrupt Collins & Aikman have declined to respond to civil allegations concerning their role in orchestrating a scheme to mislead the company’s investors and lenders because they have pled guilty to similar criminal charges in a parallel action.

Attorneys with Stillman, Friedman & Shechtman PC, the firm representing Christopher M. Williams and Thomas V. Gougherty in the case, said in court documents filed Thursday that they had advised the two former executives to decline to respond to allegations by the U.S. Securities...
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