USA: Troubled Retailer Spiegel Settles SEC Lawsuit
Troubled retailer Spiegel Group Inc, operator of the Eddie Bauer stores and Spiegel and Newport News catalogues, on Friday said it has settled a settled a civil lawsuit filed by the Securities and Exchange Commission (SEC). The Illinois-based company was sued by US securities regulators who accused it of failing to make public in 2002 its auditor's concerns about the firm's future.