Elan Denies Accounting Cover Up

SPX Corp. slides on rumors of asbestos liability; Veritas drops on on weaker profit results

Elan PLC (ELN ) rejected a report that says it stands out for its accounting, which some are questioning. Friedman Billings reiterates buy. S&P keeps hold. Elan says policies regarding joint ventures and business are fully disclosed in SEC filings.

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