Alltel Board Committees Investigating International Division of Former Information Services Subsidiary.LITTLE ROCK, Ark. -- Alltel (NYSE NYSE See: New York Stock Exchange : AT) today advised the Securities and Exchange Commission and the U.S. Department of Justice that the audit and governance committees of the company's board of directors are conducting an independent investigation of alleged improper payments by the international division of Alltel's former information services See Information Systems. subsidiary. The investigation covers the time period before Alltel sold that business to Fidelity National Financial in 2003. The allegations originated in a December 2004 lawsuit against Fidelity National by a Chinese consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . Alltel was not named a defendant in that lawsuit. Media reports about the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. occurred in March 2005. The company intends to cooperate with any inquiry that may be conducted by the SEC or the Department of Justice into these allegations. Alltel is a customer-focused communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. with more than 13 million customers and $8 billion in annual revenues. Alltel provides wireless, local telephone, long-distance, Internet and broadband services to residential and business customers in 27 states. ALLTEL, NYSE: AT www.alltel.com |
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