Five of the eight people charged in connection with an accounting fraud at discount retailer Kmart Corp. have settled the charges brought against them by the Securities and Exchange Commission.

The SEC filed civil fraud charges in a Michigan District Court last week against three former Kmart executives and five current and former employees of Eastman Kodak Co., Coca Cola Enterprises Inc. and PepsiCo Inc. subsidiaries Pepsi-Cola Co. and Frito-Lay Inc.

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