Rochester, NY 8/5/2009 9:18:34 AM
After Hours - General Electric Co. GE, GE Announces Settlement of Accounting Fraud Charges in 2002 and 2003
General Electric Co. GE
General Electric consented to the entry of a judgment requiring it to pay a civil penalty of $50 million and to comply with the federal securities laws.
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The settlement with the Securities and Exchange Commission – which accused GE of bending the “accounting rules beyond breaking point” – involves a relatively small payment.
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