|
 |
WSJ: ImClone's Auditing Firm Sweats as Taxing Story Starts to Emerge May 12, 2003 (FT World Media Abstracts via Comtex) KPMG LLP has expressed its concern over previous decisions taken by ImClone Systems Inc.'s former top executives. At issue is the 1997 decision of Robert Goldhammer -- ImClone's then-chairman, -- Samuel Waksal, then-chief executive officer, and his brother, Harlan Waksal, who replaced him last year, not to pay up to $60m in
taxes. KPMG has refused to endorse the company's 2002 earnings unless the accounting firm finishes a comprehensive review of the company's finances.
A Nasdaq Stock Market panel is scheduled to decide on May 15 whether to delist the pharmaceutical firm's stock as a result of its several failures to file a financial report for 2002.
Copyright 2003: Financial Times Information. All rights reserved
|
|
|
|||||||||||||||||||
|
||||||||||||||||||||||
|
|
||||||||||||||||||||||
|
||||||||||||||||||||||
