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SEC Probes GM Pension Accounting

Law360 (October 26, 2005, 12:00 AM EDT) -- The Securities and Exchange Commission has asked General Motors Corporation to provide information about its pension and healthcare plans as part of a formal investigation into the company’s alleged pension manipulation.

The SEC has subpoenaed DaimlerChrysler as part of the investigation, seeking records of communications it may have had with GM.

Details of the probe were released in a DaimlerChrysler filing that said the company had been part of an informal investigation “relating to the discount rate and discount rate methodology used in connection with such...
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