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Beazer Part 2: SEC inquiry, Employee Suit
Posted By bgetch On @ In Beazer Homes | No Comments
As stakeholders, employees are a well-defined group, as are shareholders. But there’s a new class of stakeholders for consideration: litigious employee shareholders…From the [1] Atlanta-Journal Constitution:
Atlanta-based Beazer Homes is now facing questions from the Securities and Exchange Commission about its business practices as well as a new lawsuit from participants in its pension plan.
In an SEC filing Thursday, Beazer disclosed the SEC’s “informal inquiry to determine whether any person or entity related to Beazer Homes has violated federal securities laws.”
A spokesman for the SEC in Washington declined to comment.
The same filing also discloses that a group of current and former Beazer employees is seeking class-action certification in a suit against the company over failure to share important information about Beazer while their 401(k) money was invested in the company. [2] more
Article printed from Corporate EKG: http://corporateekg.com
URL to article: http://corporateekg.com/2007/05/04/beazer-part-2-sec-inquiry-employee-suit/
URLs in this post:
[1] Atlanta-Journal Constitution: http://www.ajc.com/business/content/business/stories/2007/05/04/0504bizbeazer.ht
ml?cxntnid=biz050407e
[2] more: http://www.ajc.com/business/content/business/stories/2007/05/04/0504bizbeazer.ht
ml?cxntnid=biz050407e
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