Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Cardinal Health Founder May Face Charges

Cardinal Health Founder May Face Charges

by Toby Lucich on January 29, 2007

Cardinal Health disclosed that founder and chairman Robert D. Walter may face civil charges brought by the Securities and Exchange Commission over a previously disclosed accounting and financial reporting matter.

In a regulatory filing, Cardinal stated that Walter and four unnamed former officers had each received a Wells notice from the commission. Under SEC procedures, a Wells notice indicates that the staff has made a preliminary decision to recommend that the commission bring a civil action; recipients have the opportunity to respond to the SEC staff before a formal recommendation is finalized.

Cardinal Health Founder May Face Charges

Leave a Comment

Previous post:

Next post: