UPDATE 1-Hayes Lemmerz settles with SEC on accounting probe

Newswire

(Adds CEO comment, background, stock action) CHICAGO, April 25 (Reuters) - Auto parts maker Hayes Lemmerz International Inc. on Tuesday said it has reached a settlement with U.S. regulators to resolve a probe of its financial reporting and accounting practices. Hayes Lemmerz, based in Northville, Michigan, said it will not be subject to any monetary penalties or fines under the agreement with the U.S. Securities and Exchange Commission, and its shares rose more than 5 percent. The ...

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