Time Warner cuts DOJ deal on AOL case, SEC may follow
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Time Warner Inc. has reached a settlement deal with the US Department of Justice (DOJ) concerning accounting issues with its America Online Inc.
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Former AOL Time Warner Chairman  Steve Case learned as early as 2000 about transactions that  allowed the company to overstate revenues ahead of its merger  with Time Warner, according to court documents unsealed on  Friday.
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Time Warner is close to settling a Securities and Exchange Commission investigation into accounting at America Online, a person close to the negotiations said yesterday.
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Time Warner said yesterday that it had set aside $500 million to pay for potential penalties stemming from a government investigation into accounting practices at America Online, a step that
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Time Warner Inc.  said on Thursday it will make a decision on AOL's future by the end of the year, addressing rampant speculation the online unit could be spun off or merged with another company.
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Time Warner (TWX:NYSE - news - research) is on the brink of announcing settlements with the Justice Department and the Securities and Exchange Commission, it was reported Wednesday.
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Time Warner Inc, the world&#39;s largest  media company, will &quot;look hard&quot; in the next 12 to 18 months at  possibly selling off its AOL dial-up Internet access business  after doing the same in Europe.
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Time Warner Inc. said Wednesday that it is creating a $500 million reserve in response to the federal investigations of its America Online unit and that it also will restate AOL Europe's financial results for 2000 and 2001.  -The Washington Post
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Time Warner Inc has said that it has settled, for over $510 million, long-running investigations by the US Department of Justice and Securities and Exchange Commission into improper accounting and abetting securities fraud at America Online in 2001.
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Time Warner Inc. and other  defendants including America Online and Ernst &amp; Young have  agreed to pay &#36;23 million to settle a lawsuit accusing them of  defrauding pension and investment funds in Pennsylvania, the  state&#039;s Attorney General said on Thursday.
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Time Warner has said that it set aside $500 million to pay for potential penalties from a government investigation into accounting practices at America Online, a step that led to a 7.8 percent decline in profit in the third quarter.
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Time Warner is "looking hard" at selling off the internet access portion of its AOL division over the next 12-18 months, Time Warner CEO Richard Parsons said on Tuesday.
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Veritas Software has agreed to pay $30 million to the U.S. Securities and Exchange Commission (SEC) to settle charges that it engaged in fraudulent accounting practices and aided Time Warner's America Online (AOL) in committing fraud.
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AOL accounts facTime Warner has finalised a deal with Federal authorities over fraud allegations against its AOL subsidiary. Under the terms of the deals, Time Warner will pay fines totalling some $510mn and
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Time Warner investors celebrate the company's settlement with SEC over AOL accounting charges Wednesday, temporarily pushing its share price to a 52-week high. -The Washington Post
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Time Warner Inc. TWX.N has agreed to  pay $500 million to $600 million to settle all civil and  criminal charges with the Justice Department and the U.S.  Securities and Exchange Commission, the New York Times reported  on Wednesday.
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The U.S. government will charge Time Warner Inc's  America Online unit with aiding and abetting securities fraud but will defer prosecution for two years, a U.S. Justice Department official said.