Ex-Accountant Dropped From SEC's Delphi Case

Law360, New York (August 5, 2009, 1:33 PM EDT) -- The U.S. Securities and Exchange Commission has dismissed a former accountant from a case accusing a slew of Delphi Corp. executives and consultants of scheming to falsify the bankrupt auto parts supplier's financial results from 2000 to 2004.

Scot McDonald, one of 13 individual defendants named in the SEC's 2006 suit, was voluntarily dropped from the case on Monday, according to a stipulation of dismissal filed in the U.S. District Court for the Eastern District of Michigan.

“He did nothing wrong, and this was finally recognition...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.