Interpublic Faces Expanded SEC Scrutiny

Law360, New York (November 9, 2005, 12:00 AM EST) -- Interpublic Group of Cos. Inc. reported another quarterly loss Wednesday following a $514 million restatement the company made in September, as the Securities and Exchange Commission said it had expanded its investigation of the beleaguered third-largest advertising services company.

In its first earnings report since it disclosed it overstated past results by $514 million, Interpublic said Wednesday its net loss narrowed to $101.5 million, or 24 cents per share, from $501.5 million, or $1.22 per share, a year earlier.

Meanwhile, the company revealed Wednesday it may...
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