Accounting fraud

Steinhoff International Holdings NV is seeking a three-year extension on most of its 9.6 billion euros ($11.3 billion) of debt as the retailer battles to come to grips with an accounting scandal that’s wiped more than 96 percent off the share price.

Steinhoff International Holdings NV’s finances are in a mess. Now it’s going after those who presided over the fiasco.

Steinhoff International Holdings NV’s shares plunged to a record low after the retailer warned of impairments beyond the 6 billion euros ($7.2 billion) reported in December and said it’s facing at least five lawsuits.

Lawyers for the hip-hop mogul don't want him to testify in a probe of a firm he did business with more than a decade ago.

The hip-hop mogul is in hot water with Wall Street’s top regulator.

The former executive was found guilty of orchestrating an accounting fraud to arrive at the $10.3 billion price Hewlett-Packard Co. paid for the U.K. software maker more than six years ago.

The electronics maker's in-flight-entertainment unit improperly hid payments to consultants in the Middle East and Asia.

The embattled retailer's chairwoman appealed for shareholder support for an ongoing investigation into the smoldering wreckage left by the accounting scandal.

One of Noble Group Ltd.’s largest shareholders has stepped up criticism of the embattled commodity trader, describing losses as “shocking” and warning the billions in red ink will pile more pressure on investors to agree to a controversial debt-for-equity rescue plan that it opposes.

To prosecutors, Hewlett-Packard Co.’s purchase of Autonomy Corp. was akin to buying a Pinto dressed up as a Cadillac.