Homestore Disciplines Employees Over Probe
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A Times Staff Writer
Homestore.com Inc. said it has accepted the resignation or terminated seven employees as a result of an internal accounting inquiry that earlier this month prompted the company to restructure its management.
Three of the seven employees leaving the Westlake Village-based company had previously been placed on administrative leave.
Shares of Homestore.com, the largest Internet lister of homes available for sale, closed off 11 cents at $2.46 on Nasdaq before the news was announced.
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