Feds To Indict Collins & Aikman Ex-CEO: Report

Law360, New York (March 21, 2007, 12:00 AM EDT) -- Federal authorities are set to indict the former chief of Collins & Aikman’s for misleading investors over the financial health of the now bankrupt auto parts supplier, according to a published report.

The U.S. Attorney’s Office in the southern district of New York will reportedly unseal the criminal indictment against the ousted CEO, David Stockman, and others in the next few days, according to a report published Wednesday in the Wall Street Journal.

Citing people familiar with the matter, the report said the U.S. Securities and...
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