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securities fraud

In 2015, a news report said that the flooring products of a listed company, "Lumber Liquidators," contained dangerously high levels of Formaldehyde. The company issued a denial and filed it with the SEC. That denial was untrue.

CoNet Section: 

The full text of the 2003 writ in the case of the USA's SEC v KMPG JOSEPH T. BOYLE, MICHAEL A.
CONWAY, ANTHONY P. DOLANSKI and RONALD A. SAFRAN alleging "Defendants KPMG LLP ("KPMG") and certain KPMG partners permitted Xerox Corporation ("Xerox") to manipulate its accounting practices and fill a USD3,000 million "gap" between actual operating results and results reported to the investing public from 1997 through 2000." Civil Action No. 03-CV-0671(DLC) COMPLAINT SECURITIES FRAUD Reproduced verbatim.