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The SEC's investigation concerned the conduct of two former company executives and the circumstances which led to a restatement in 2006 of the company's 2002-2005 financial statements.
The investigation ran concurrently with two shareholder lawsuits that were resolved in 2008.
The SEC has now filed a complaint in federal court, charging Merge with record-keeping violations and charging two former executives with accounting fraud.
The Commission decided not to charge the company with fraud nor assess any penalty against the company for the actions of its former executives, Merge stated.
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