Andrews Securities Litigation and Regulation Reporter
January 4, 2001
Copyright (c) 2001 Andrews Publications
INVESTORS MAY PROCEED ON CLAIMS OF IMPROPER ‘REALLOCATION,’ N.D. ILL. SAYS
In re Allied Prods. Corp. Sec. Litig.
Allied Products Corp.'s use of the “reallocation” accounting method, which resulted in an obvious overstatement of its earnings, has enabled shareholders to proceed on their claims that the company knew or recklessly disregarded the difficulty of...