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Taro CFO Resigns Amid Restatement Probe

Law360 (October 30, 2006, 12:00 AM EST) -- On the heels of an independent probe by Jenner & Block LLP, the financial chief of Taro Pharmaceutical Industries Ltd. has stepped down amid findings that the company's financial management made misleading representations to regulators.

Kevin P. Connelly, Taro’s senior vice president and chief financial officer, and another unnamed member of financial management, resigned on Monday after receiving the results of an investigation by Jenner & Block, the law firm Taro had commissioned to review facts related to the company’s decision in June to restate its...
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