USA: Collins & Aikman receives grand jury subpoena
Interiors specialist Collins & Aikman Corporation, which filed for Chapter 11 bankruptcy protection in May, has confirmed that it has received a grand jury subpoena from the United States Attorney's Office in New York, seeking documents and information relating to the company's financial statements for the fiscal years 2000-2005.
"The Company intends to fully cooperate in responding to this request, as it has for similar information requests from the Securities and Exchange Commission," C&A said in a statement.
"As previously announced, an independent committee of its board of directors initiated and has been conducting an investigation of these issues. The Company cannot currently comment upon the timing for completion of the investigation or any subsequent restatements that may be necessary as a result."