U.S. Attorneys Probe Rayovac Maker

Law360, New York (November 14, 2005, 12:00 AM EST) -- In an unusual move, a U.S. Attorneys’ Office beat the Securities and Exchange Commission to an investigation of Spectrum Brands Inc., the consumer products maker that manufactures Rayovac brand batteries.

The Atlanta-based company, formerly known as Rayovac Corporation, said Monday federal prosecutors from the Northern District of Georgia have begun investigating the company’s recent financial outlook disclosures.

The recent financial announcements restated earnings expectations for the final quarter of 2005, as well as the overall outlook for 2006. The tumult sent the company’s stock to its...
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