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Article: Paul Harris suit seeks millions
- Article from:
- Indianapolis Business Journal
- Article date:
- July 8, 2002
- Author:
CopyrightCopyright IBJ Corporation Jul 08, 2002. Provided by ProQuest LLC. (Hide copyright information)
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A lawsuit filed last week alleges the final months of Charlotte G. Fischer's reign as CEO of Paul Harris Stores Inc. were marred by a succession of severe bookkeeping problems, which went undetected by outside auditor PricewaterhouseCoopers.
The federal suit, filed by the now-defunct women's apparel retailer in an effort to recoup millions of dollars for creditors, names the Big Four accounting firm as the sole defendant.
However, Jerry Ancel, a Sommer & Barnard attorney representing Paul Harris, said Fischer might have found herself a defendant were it not for a wide-ranging release the company granted her when she stepped down under pressure in March 2000.
"We did not believe we had a ...