SEC Sues Ex-CSK Auto Execs For Accounting Fraud

Law360, New York (March 13, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has lodged an injunctive action against four former CSK Auto Corp. executives, claiming they overstated the company's pre-tax income by fraudulently concealing tens of millions of dollars in uncollectible receivables in violation of federal securities laws.

The SEC lodged an amended complaint against former senior officers Martin G. Fraser and Don W. Watson, former controller Edward W. O'Brien and former supervisor Gary M. Opper in the U.S. District Court for the District of Arizona on Thursday, a week after filing...
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