UPDATE 1-Ex-Collins & Aikman CEO Stockman charged with fraud

Newswire

(Adds announcement of charges, background, byline) By Martha Graybow NEW YORK, March 26 (Reuters) - U.S. prosecutors on Monday charged David Stockman, a former chief executive of Collins & Aikman Corp. Stockman, a former Reagan administration budget director, and the other ex-Collins & Aikman executives are accused of misleading the company's investors to hide its true financial condition, according to the indictment brought by federal prosecutors in Manhattan. Facing ...

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