Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1999
Arthur Andersen civil trial
Arthur Andersen was cleared of wrongdoing in a civil jury trial connected to UDC's financial-disclosure disputes, although it later paid a settlement to the state.
1998
Settlement with Coopers & Lybrand
UDC-related litigation produced a $4 million settlement with accounting firm Coopers & Lybrand over issues associated with the company's financial reporting.
1996
Shareholder litigation over financial disclosures
Shareholders settled claims with UDC officers for $12.7 million. The claims alleged that officers had attempted to inflate the company's stock price and conceal its actual financial condition.