Feds Eye Ex-Collins & Aikman CEO: Report

Law360, New York (December 12, 2006, 12:00 AM EST) -- The former chief executive of bankrupt auto parts maker Collins & Aikman is under investigation for suspected violations of federal securities laws, according to a published report.

Federal prosecutors are preparing to bring a case before a New York grand jury against David Stockman, who led the company before it collapsed into bankruptcy, as well as “other corporate officers,” ABC News reported.

Investigators, who have been working on the case since last summer, are examining whether the executives misled investors about the financial health of Collins...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.