SEC Targets Ex-Delphi Officials In Accounting Probe

Law360, New York (June 6, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has sent target letters to at least seven former officials from Delphi Corp., signaling that the regulator’s two-year investigation into the bankrupt company’s accounting practices is gaining traction.

A spokesperson for Delphi said the company did not have any information on this particular matter.

“I’m not aware of any letters,” Delphi’s director of media relations Dave Bodkin said.

Two lawyers acquainted with the investigation told the newspaper that the official target letters, known as Wells notices, were delivered to former...
To view the full article, register now.