Collins & Aikman sues former CEO, others

Newswire

NEW YORK, May 18 (Reuters) - Bankrupt auto parts maker Collins & Aikman Corp. is suing its former chief executive David Stockman, a private equity firm and 13 other people connected with the company, accusing them of using fraudulent schemes that worsened its financial woes. The lawsuit comes as Stockman and some former company executives face criminal charges, alleging similar misconduct. Stockman and three others have pleaded not guilty in that case. In its case filed in the U.S. ...

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