SEC Ends Probe Of KB Home Accounting, Disclosures

Law360, New York (September 2, 2010, 5:55 PM EDT) -- The U.S. Securities and Exchange Commission has completed an investigation into KB Home Inc. 's accounting and disclosures and does not plan to recommend any enforcement actions, the company said Wednesday.

The SEC's investigation of the Los Angeles-based homebuilder, rocked in recent years by a stock options backdating scandal, started in October and was previously disclosed in the company’s public filings.

“We are glad to share with our investors and employees that the matter is now behind us, as we continue to focus on restoring the...
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