Hayes Lemmerz says settles with SEC

Newswire

CHICAGO, April 25 (Reuters) - Hayes Lemmerz International Inc. on Tuesday said it has reached a settlement with U.S. regulators, resolving a probe of the auto parts maker's financial reporting and accounting practices. The Northville, Michigan-based company said the probe by the U.S. Securities and Exchange Commission, begun in 2001, was related to practices that occurred under former management. The SEC brought a civil enforcement action against Hayes Lemmerz and certain of its former ...

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