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Last year, the board agreed to let the firm settle the case, without admitting liability, by paying $64,000.
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(The firm settled without admitting any guilt).
The firm settled to avoid the cost of the litigation.
The search, aided by the Korn/Ferry executive placement firm, settled on about five finalists, Mr. Marsalis said.
The firm settled the case without admitting any wrongdoing and afterward did not discipline any auditors penalized by the S.E.C.
An Italian prosecutor absolved Finmeccanica of wrongdoing in a case involving the sale of helicopters to the Indian government in 2010; the firm settled for a fine.
In the 1970s, the firm settled a discrimination suit by consenting to make its work force more diverse but never met that goal.
The accounting firm said it had done nothing wrong, but after the Securities and Exchange Commission indicated it would bring a lawsuit, the firm settled with the commission earlier this year.
According to a statement obtained by Dow Jones Newswires that Salomon Smith Barney sent to its employees, the firm settled the lawsuit "without admitting any unlawful conduct".
Those e-mail messages almost certainly were a crucial reason the firm settled charges brought by the New York attorney general by paying $100 million in penalties.
On September 18th the firm settled that case, admitting no wrongdoing but agreeing to set up a $35m fund to reimburse unhappy yogurt-eaters.The over-exuberance of some marketers has also irked regulators.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com