Federal securities regulators charged two former outside auditors of the ill-fated California Micro Designs Corp. on Tuesday with failing to comply with professional accounting standards.

In the final federal action in Silicon Valley’s most famous financial fraud case, the Securities and Exchange Commission alleged former Coopers & Lybrand accountants Michael Marrie and Brian Berry were “reckless” in their auditing of Cal Micro’s financials for fiscal year 1994.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]