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: Securities Law Prof Blog

The Penn Traffic Company Settles SEC Accounting Fraud Charges

By Securites Lawprof

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The SEC charged the supermarket operator and wholesale food distributor The Penn Traffic Company with fraud for orchestrating multi-million dollar accounting schemes that inflated its operating income and overstated its after tax net income. The SEC's complaint, filed in the...

Full post as published by Securities Law Prof Blog on September 30, 2008 (boomark / email).

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