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This article has been removed from the Newsday website.

Excerpt:
Pall Corp., the manufacturer of filtration systems that last month acknowledged it was trying to determine if it understated income tax payments, Thursday said its financial statements dating back to 1999 can no longer be relied upon and will have to be re-stated.
[...]
Pall said that while it cannot predict when its tax liability will finally be determined or whether additional matters will be found in connecting with an ongoing internal inquiry, the company believes its taxes payable to the balances could be in excess of $130 million, exclusive of interest and penalities.

The company said also that it may have one or more material weaknesses in its internal control over financial reporting.

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