The settlement is in relation to civil fraud charges that stemmed from years
of accounting improprieties.
Drain, at a hearing in the US Bankruptcy Court for the Southern District of
New York, ruled that the settlement with the SEC was in Delphi’s best interest
and was fair to Delphi shareholders.
This follows the SEC alleging that Delphi and 13 individuals – including
former executives – participated in or aided multiple schemes that misstated the
company’s finances from 2000 to 2004.
Delphi settled without admitting or denying the charges and faced no
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements