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GSI Group Settles with SEC

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BEDFORD, Mass., May 18, 2011 — GSI Group Inc. has announced the resolution of the previously disclosed investigation by the US Securities and Exchange Commission (SEC) into the historical accounting practices of the company's Semiconductor Systems segment. GSI has agreed to settle with the SEC, without admitting to or denying the commission's findings, by consenting to the entry of an administrative order. It requires the company to cease and desist from committing or causing any violations and any future violations of the reporting, books and records, and internal controls provisions of the Securities Exchange Act...Read full article

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    Published: May 2011
    accounting practicesAmericasBusinesscivil penaltyfraudGSI Grouplaser-based solutionsMassachusettsprecision motion controlsSECSecurities and Exchange CommissionSecurities Exchange Act of 1934Semiconductor SystemsTest & MeasurementLasers

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