JURIST Supported by the University of Pittsburgh
PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Wednesday, October 26, 2005

GM reports SEC subpoena of accounting records
Chris Buell at 8:33 PM ET

[JURIST] General Motors [corporate website] on Wednesday said that records relating to its pension program had been subpoenaed by the US Securities and Exchange Commission [official website] as part of an investigation into its accounting practices. GM said the subpoena related to reporting of pension and post-employment benefits, as well as its dealings with parts supplier Delphi [corporate website]. GM said SEC and federal grand jury subpoenas had also been served on its finance branch, General Motors Acceptance Corp. [corporate website], in which GM said last week it was considering selling its majority stake. GM, which has posted about $3.8 billion in losses thus far this year, has said that it is cooperating with the investigation. Reuters has more.






Link |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 Federal judge blocks Arkansas 12-week abortion ban
2:58 PM ET, May 17

 France constitutional court approves same-sex marriage bill
1:48 PM ET, May 17

 Evidence of torture, arbitrary detention found in Syria government centers: HRW
1:40 PM ET, May 17

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

In Alabama, "Back Door" Restrictions on Abortion and Roe
DOMESTIC
LaJuana Davis
Cumberland School of Law

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@jurist.org