DETROIT -- A federal judge dismissed a shareholder lawsuit that charged five former Kmart executives and the company's accounting firm with misleading investors before Kmart declared bankruptcy. U.S. District Judge Gerald Rosen threw out the 18-month-old lawsuit filed by five shareholder groups against former Kmart chairman and chief executive Charles Conaway, former President Mark S. Schwartz and former executives Jeffrey Boyer, Matthew Hilzinger, Martin E. Welch. The lawsuit also went after the company's accounting firm, PricewaterhouseCoopers.
Posted by Editor at September 22, 2003 01:55 PM