E-Mails Show AOL Execs Knew Of Overstatements

Law360, New York (June 26, 2006, 12:00 AM EDT) -- AOL executives were under pressure beginning in 2000 to overstate revenues in order to hasten the company’s merger with Time Warner, according to recently unsealed e-mails sent and received by former AOL Time Warner chairman Steve Case.

In December 2000, Case received an e-mail from AOL board member Miles Gilburne expressing concern that executives may have been succumbing to pressure to boost the company’s finances

“I am really worried about the deals Colburn and Schuler may be cutting now to deal with commerce pressure,” Gilburne wrote...
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