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Updates: Tyco, Fannie Mae, Allstate

Kozlowski and Swartz want insurer to pay their legal bills; SEC upgrades its probe of Fannie Mae; Allstate adds up claims from the hurricane season; more.

> > Former Tyco CEO Dennis Kozlowski and former CFO Mark Swartz have sued Twin City Fire Insurance to force it to pay their legal bills.
The SEC upgraded its probe of accounting practices at Fannie Mae.
Allstate Corp. announced that catastrophe losses related to the recent hurricanes.
SunTrust Banks Inc. announced the SEC has launched an informal inquiry into the recent announcement that it expects to restate its financials for the first and second quarters of fiscal 2004.
Source: CFO


Published:2004-10-19
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