Ex-Beazer CFO To Return $1.4M In Gains: SEC

Law360, New York (August 30, 2011, 6:50 PM EDT) -- A former Beazer Homes USA Inc. chief financial officer will return $1.4 million in bonuses and stock sale profits he received while the company was falsifying financial statements to settle a suit in Georgia, the U.S. Securities and Exchange Commission announced Tuesday.

The SEC did not accuse James O'Leary of any accounting misconduct in a complaint filed in Georgia on Tuesday, but said O'Leary had failed to reimburse Beazer for all bonuses, incentive compensation and profits from selling his company's stock for the 12-month period following...
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