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Beyond the shareholder litigation and the possible misstatement of material facts, another possible issue for the S.E.C. is likely to explore is whether analysts at Morgan Stanley, JPMorgan and Goldman Sachs acted improperly.
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RF INDUSTRIES, San Diego, a maker of cable connectors, said it was being investigated by the Securities and Exchange Commission for possible misstatements regarding its financial health, sales and manufacturing status.
The company is also mired in an accounting mess, which includes a formal Securities and Exchange commission investigation into possible misstatements from prior years' financial statements.
Critical Path Inc., which is investigating its own accounting practices after finding possible sales misstatements, said its chief executive, Douglas T. Hickey, and its president, David Thatcher, have left.
In February, two executives were put on leave and then resigned as the company investigated possible financial misstatements.
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Third, all questionnaires applied were self-reports, which could be related to a potential risk of misstatement or could involve response biases.
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Napolitano ordered the investigation into "serious questions" over Katehi's involvement in jobs for family members, possible misuse of student funds and "material misstatements" about her role in the hiring of social media firms to bury negative publicity about campus police who pepper-sprayed peaceful student protesters in 2011.
Lawyers Winckworth Sherwood are considering possible grounds for action on the basis of negligent misstatement by Lloyds TSB directors in the merger prospectus, the withholding of information by HBOS directors, a judicial review of the government's conduct and a derivative action against banking and accountancy advisers.
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