Western Ti takes small rap as execs cleared
Jan 14, 2011 | 09:16 AM
A two-year criminal case against Western Titanium Inc. and four current or former executives is ending in dismissal of all counts against the employees and with one count sticking against the San Diego-based distributor, the company said.
Western Titanium agreed to plead guilty to one of 19 counts of felony mail fraud involving one shipment of so-called "non-conforming" titanium. The remaining 18 counts were dropped, along with the 19 felony counts against each of the four employees, including chief executive officer Daniel Schroeder, the distributor said.
"Western feels this settlement is in the best interests of the company and its customers, as it resolves all matters at issue in the investigation and avoids any further costs of litigation," the company said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.