Pall Corporation Says Put 4 Employees on Leave, Review Ongoing

LOS ANGELES, Sept 25 (Reuters) - Pall Corporation (PLL.N: Quote, Profile, Research), which makes filtration systems used in the health-care industry, said on Tuesday it has placed four employees on administrative leave in connection with an internal review of understated income tax payments. The employees, who had responsibility for the company’s tax matters during the period under review, have been placed on leave pending completion of the audit committee probe, Pall said. The company said the inquiry is ongoing and that final conclusions have not yet been reached.

MORE ON THIS TOPIC