Friday, June 29, 2007

Ex-CVS execs settle charges on toy accounting

(Reuters) - Philip Galbo, former treasurer at CVS, and Larry Solberg, former principal accounting officer, agreed to collectively pay $53,204 to settle claims that they helped CVS materially overstate its pretax earnings for the third quarter of 2000 by about $18.1 million.



They settled with the commission without admitting or denying the charges. Attorneys for the defendants could not immediately be reached.


Read more at Reuters.com Government Filings News

No comments: