News Type: Event — Fri Oct 10, 2008 1:41 AM EDT The initial distress felt by lovers of homestyle cookies at the news that Archway & Mother's Cookies Co. filed for Chapter 11 bankruptcy this week is yielding to calls for an investigation into -- and former employees signing on to lawsuits against -- the management of the business by Cattertan Partners, headed by COO George Knobloch. Several former employees claim that accounting irregularities led to the loss of operating funds. According to a corporate employee at the Battle Creek office, both Ernst & Young and Price Waterhouse accounting firms had been at the company offices earlier this year, and their main bank, Wachovia, also put in a surprise visit to ask for verification of data. This same corporate employee also states: approximately $11 million dollars worth of fake...
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