GIANT GROUP SPLITS WITH BDO SEIDMAN: The board of directors at the Beverly Hills, Calif.-based Giant Group Ltd. concluded that "it would be in the best interests of the company" to dismiss BDO Seidman as its audit firm after the independent accountants were unable to express an opinion on the company's earnings statements for any of the past three years.

"BDO was not able to apply any audit procedures related to these financial statements due to the unavailability of records of Periscope Sportswear Inc.," one of the company's bankrupt subsidiaries, officials at Giant Group told the Securities and Exchange Commission.

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