SEC investigating Mirant Corp.
Monday, Aug. 5, 2002 | 10 a.m.
Mirant Corp. today said the U.S. Securities and Exchange Commission has started looking into its accounting and energy trading after the company said it may have, misreported $253 million in assets and liabilities last year.
Mirant's stock fell as much as 14 percent. The SEC's Atlanta office asked for details on "round-trip" energy transactions, as well as trading in the western United States and shareholder lawsuits, Mirant said in a statement.
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