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Collins & Aikman Execs Get More Time To Respond

Law360 (May 24, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission and several former executives of Collins & Aikman have agreed to allow the executives more time to answer the regulator's complaint accusing them of fraud.

A stipulation, filed Tuesday in the U.S. District Court for the Southern District of New York, says the two sides have agreed to extend the deadline to August 22.

The case brought by the SEC in March alleged that David Stockman, the former CEO of Collins & Aikman, and eight others inflated earnings between 2001...
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