Law360, New York (September 25, 2008) -- In a deal that doesn't require the company to pay a civil penalty, Beazer Homes USA Inc. has settled allegations by the U.S. Securities and Exchange Commission that officers and employees fraudulently misstated the homebuilder's net income.
The Georgia-based company, which announced the deal Wednesday, did not admit or deny any wrongdoing in settling. It consented to a cease-and-desist order, which requires future compliance with provisions of...
