Heidrick & Struggles postpones plans for initial offering amid weak market

Article Abstract:

Heidrick & Struggles Inc. has put off its plans for an initial public offering due to a weakened IPO market. The company had initially planned to offer a minority share to the public. Heidrick & Struggles was hoping that an IPO would raise up to $86.25 million. The company decided to wait for a more opportune time in the IPO market to hold an IPO. Company officials would not estimate as to when an IPO would be rescheduled.

Comment:

Heidrick & Struggles Inc. puts off plans for an initial public offering due to a weakened IPO market

Strategy & planning, Company Planning/Goals, Employment Placement Agencies, Employment Agencies, Employment services, Heidrick & Struggles International Inc., Article

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Cendant Corp. sues Ernst & Young, charging firm failed to detect fraud

Article Abstract:

The suit might invite a counter-suit; Cendant filed suit against Ernst & Young that the accounting firm says should be the other way around. Cendant claims that E&Y was not thorough enough in its audit of CUC, the firm that merged with Cendant in late 1997.

Comment:

Company is suing Ernst & Young for missing the fraud in CUC's books

Legal issues & crime, Patent Owners & Lessors, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), Patent owners and lessors, Cases, Auditing, Abstract, Patent licensing, CD, Avis Budget Group Inc.

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