NW Pipe reporting probe, lawsuits end

May 08, 2013 | 12:12 PM | Frank Haflich

Tags  Northwest Pipe, SEC, investigation, shareholder lawsuits, Robin Gantt, Richard Roman, tubular products, water transmission pipe settlement

LOS ANGELES — Northwest Pipe Co. has turned the page on one of its most difficult chapters with the end of both a U.S. Securities and Exchange Commission (SEC) probe and related shareholder lawsuits arising out of accounting troubles that began more than three years ago.

Northwest Pipe has been informed by the SEC that it has completed an investigation into the company’s accounting practices and that the agency’s staff does "not intend to recommend any enforcement actions against the company," Robin Gantt, vice president and chief financial officer of the Vancouver, Wash.-based producer of water transmission pipe and tubular products, disclosed this week.....

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