In the spring, Andersen paid $110m to settle an accounting-fraud lawsuit over auditing work it did for Sunbeam, a Florida consumer-products company that filed for bankruptcy.
"My information is that we have a contract with Locog that we are providing a great deal of the road maintenance and improvements and that we will settle an account with them after the Games.
Mr. Bergonzi, 57, also settled an accounting fraud lawsuit yesterday with the Securities and Exchange Commission.
On May 19th, MCI, formerly known as WorldCom, announced that it had agreed with the Securities and Exchange Commission to settle an investigation into its accounting for a staggering $1.51 billion.
Raytheon also offered to pay $12 million to settle an investigation into its accounting practices by the Securities and Exchange Commission, and said it had reached an agreement to pay $39 million to settle a shareholder lawsuit over a sale of assets in 2000.
In stocks, Wells Fargo shares were stronger, after the bank said it struck a deal to buy Strong Capital Management for an undisclosed amount, while Computer Associates stock shot up, after the firm said it offered the U.S. government $10 million to settle a two-year accounting probe.
Freddie Mac, the mortgage financer, agreed yesterday to pay $410 million in cash to settle a shareholder lawsuit over accounting mistakes that led it to restate three years of earnings.
More than five months after it paid a $10 million fine to settle a Securities and Exchange Commission charge of fraudulent accounting, Xerox is back under investigation for the same accounting missteps.
Five months ago, Xerox paid $10 million to settle a Securities and Exchange Commission charge of fraudulent accounting.
Qwest Is Said to Settle S.E.C. Investigation Qwest Communications has agreed to pay $250 million to settle a Securities and Exchange Commission investigation into its accounting practices, the company's union said.
