Amid an investigation into its disclosures and accounting practices, Raytheon Co. placed its chief financial officer on leave at the same time that it announced that it had submitted a settlement offer to the Securities and Exchange Commission and settled a shareholder lawsuit.
If approved, the proposed SEC settlement would resolve the commission's investigation, which Raytheon said primarily related to its commuter aircraft business. Without admitting or denying any wrongdoing, Raytheon offered to pay a civil penalty of $12 million and to cease and desist violating securities laws.
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