Monday, January 29, 2007 Cardinal Health disclosed that founder and chairman Robert D. Walter may face civil charges brought by the Securities and Exchange Commission over a previously disclosed accounting and financial reporting matter. In a regulatory filing, Cardinal stated that Walter and four unnamed former officers had each received a Wells notice from the commission. Under SEC procedures, a Wells notice indicates that the staff has made a preliminary decision to recommend that the commission bring a civil action; recipients have the opportunity to respond to the SEC staff before a formal recommendation is finalized. Cardinal Health Founder May Face Charges Previous articles Failing Grades for E&Y, KPMG
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