JURIST - Paper Chase: Seven former Symbol Technologies executives indicted

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Thursday, June 03, 2004

Seven former Symbol Technologies executives indicted
Chris Buell at 12:18 PM ET

Seven former executives for Symbol Technologies have been indicted for their role in inflating the company's reported earnings by more than $200 million, according to the US Attorney's office in the Eastern District of New York. A press conference is scheduled for later today to announce the details of the indictment. The New York Times reported earlier today that Symbol was expected to announce a settlement with the SEC as well. AP has more.

UPDATE: Business Wire is reporting the details of Symbol's settlement with the SEC and the US Attorney's Office.

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