Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, December 3, 2007

Former Tyco CFO Loses Motion to Dismiss SEC Charges

A federal district judge denied a motion to dismiss SEC fraud charges made by Richard Power, former CFO of Tyco.  The SEC alleges that Power designed and implemented fraudulent accounting practices that inflated the company's operating income by hundreds of millions of dollars.  Co-defendants previously settled with the SEC., SEC Unleashed to Pursue Ex-Tyco CFO.

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