Guess Exec Targeted By SEC For Footstar Financials

Law360, New York (February 15, 2006, 12:00 AM EST) -- The president and CEO of fashion conglomerate Guess Inc. may soon come under fire by the U.S. Securities and Exchange Commission in a civil enforcement action related to his previous stint at Footstar Inc., which is currently under investigation.

Earlier this week, the SEC notified Carlos Alberini in a Wells Notice that it is considering recommending a civil enforcement action against him in connection with his employment at Footstar, where he acted as chief financial officer before leaving to join Guess, a contemporary apparel and accessories...
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