SEC Closes Inquiry Involving ACL
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that the U.S. Securities and Exchange Commission (SEC) has confirmed it will not take action against the company and has closed an inquiry related to an e-mail sent by the company's former Senior Vice President and Chief Financial Officer on June 16, 2007 and disclosed by the company in the filing of a Form 8-K on June 18, 2007. The executive ceased being an employee of ACL in March 2008.
The Commission has issued a cease and desist order, consented to by the former employee, mandating that he not violate Regulation FD in the future.
(www.aclines.com)