Taiwan Co. Sues Syntax Bigwigs Over SEC Filings

Law360, New York (August 21, 2008, 12:00 AM EDT) -- A Taiwan-based manufacturing company with an equity interest in bankrupt TV manufacturer Syntax-Brillian Corp. is suing senior executives alleging they signed off on false financial reports before the company collapsed.

TECO Electric & Machinery Co. Ltd., which last year pumped $20 million into Syntax in exchange for a stake in the company, filed a lawsuit in the U.S. District Court for the District of Arizona on Wednesday that accused Syntax's three top corporate officers of artificially propping up the company's stock by approving the filing of...
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