The Securities and Exchange Commission has subpoenaed more than a dozen current and former Delphi executives to testify about improper accounting at the bankrupt auto supplier, according to published reports.
Among those served was former chairman and chief executive J.T. Battenberg III. The SEC cannot force people to testify, but can use that decision against them later if the agency later brings civil suits or seeks to bar them from serving as officers of publicly traded companies.
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