BorgWarner to pay $950,000 to settle asbestos accounting investigation
The U.S. Securities and Exchange Commission said BorgWarner failed to report more than $700 million of potential future asbestos claims in its financial statements from 2012-16. BorgWarner neither admitted nor denied wrongdoing as part of the settlement.
source https://www.autonews.com/suppliers/borgwarner-pay-950000-settle-asbestos-accounting-investigation