Collins & Aikman obtains grand jury subpoena from USAO

13 Aug '05

1 min read

Automotive fabric and interior trim supplier Collins & Aikman Corporation (CKCRQ) announced it has received a grand jury subpoena from the United States Attorney's Office in the Southern District of New York, seeking documents and information relating to the Company's financial statements for the fiscal years 2000-2005, as well as documents and information pertaining to accounts receivable, customer and/or supplier rebates and other matters.

The Company intends to fully cooperate in responding to this request, as it has for similar information requests from the Securities and Exchange Commission.

As previously announced, an independent committee of its board of directors initiated and has been conducting an investigation of these issues.

The Company cannot currently comment upon the timing for completion of the investigation or any subsequent restatements that may be necessary as a result.

Michigan based Collins & Aikman Corporation is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems.

Collins & Aikman Corporation

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