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The U.S. Securities and Exchange Commission is investigating Raytheon Co. over its sale of an engineering and construction unit to Washington Group International. WGI stated in SEC documents that Raytheon provided incorrect information about contracts entered by the engineering unit before the transaction, and filed a lawsuit accusing Raytheon of fraud and seeking damages of no less than $700 million.
May 04, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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