USA: Candie's CEO Pays $75,000 To Settle SEC Fraud Suit
Young women's shoe and apparel firm Candie's Inc on Wednesday said its CEO had agreed to pay $75,000 to settle a US Securities and Exchange Commission lawsuit alleging he was involved in accounting fraud. The New York-based company, whose brands include Candie's and Bongo, said Neil Cole, who is also chairman and president, had settled the suit while the firm did not admit or deny guilt and did not pay a fine.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- US apparel retailers' November 2016 sales roundup
- Why do modern robotics elude sportswear makers?
- Planning is key to an effective inventory strategy
- Esquel efficiency drive continues to boost brands
- US Q3 in brief – Tailored Brands, Genesco
- Taiwan textile maker investing in first US plant
- Myanmar garment industry "lacking labour rights"
- Outdoor apparel sector set for double-digit growth