SEC Probing Kmart Accounting; Could Cast Cloud Over Bankruptcy

Hume, Lynn
January 2002
Bond Buyer;1/28/2002, Vol. 339 Issue 31312, p34
Trade Publication
Reports on the investigation started by the U.S. Securities and Exchange Commission on accounting practices of Kmart Corp. Impact of the investigation on bankruptcy protection filed by the company; Effect of the investigation on investors holding municipal debt issued by the Kmart; Influence of the investigation on stock and bond prices of the company; Provision for tax-exempt bond issuers under tax reform act enacted in 1986.


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