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Company AOL TimeWarner [Company Info]
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Date Issue Title
27th May 2006 Fraud Investigation Time Warner, Ernst to Settle Fraud Suit

Time Warner Inc., its AOL subsidiary and auditor Ernst & Young have agreed to pay $23 million to settle a lawsuit accusing them of defrauding a Pennsylvania pension fund for teachers and state workers.

The suit, filed in February 2004, claimed that the companies overstated revenue and subscriber figures after the merger of New York-based Time Warner and America Online Inc., based in Dulles, Va., was announced in 2000, Pennsylvania Atty. Gen. Tom Corbett said.

The Pennsylvania case was among a group of suits filed by more than 100 pension funds and other investors.

Other Reports on AOL TimeWarner
Date Issue Company Report
8th Aug 2006 Other Issue AOL TimeWarner AOL apology for search data error
24th Aug 2005 Questionable Practice AOL TimeWarner AOL pays out after Spitzer probe
3rd Aug 2005 Questionable Practice AOL TimeWarner Time Warner to Pay $2.4 Billion for AOL Suit
10th Jan 2005 Fraud Investigation AOL TimeWarner Ex-AOL staff face criminal charge
15th Dec 2004 Fraud Investigation AOL TimeWarner Time Warner fraud charge settled
20th Jun 2003 Questionable Practice AOL TimeWarner Excessive Spending

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