Regents Plan Suit Against AOL
AOL Face Class Action Lawsuit. The University of California Regents will file a securities-fraud lawsuit in state court against AOL Time Warner Inc. in an attempt to recover $450 million lost by investing in the world's largest media company. The university will withdraw from a class-action suit against AOL Time Warner in federal … [Read more...]
Accounting Woes Loom Over AOL
AOL Internal Investigation. AOL Time Warner will update analysts on an internal investigation of accounting practices at its troubled America Online unit when it reports earnings Wednesday. AOL Time Warner said it will update Wall Street analysts on an internal investigation of accounting practices at its troubled America Online … [Read more...]
AOL Investigators Face Complex Task
AOL Investigators Complex Task. America Online is in hot water as regulators investigate its booking of ad revenue. Yet experts, noting that the nuances of such accounting are often murky, differ about how hot the temperature really is. The timing of the probes of its online advertising deals is bad, coming amid a rash of … [Read more...]
