Stockholders Sue FNN and Infotechnology.: Stockholders of...

Stockholders Sue FNN and Infotechnology.: Stockholders of troubled Financial News Network and Infotechnology Inc. sued Deloitte & Touche, charging the accounting firm with misleading investors about the companies’ financial health. FNN filed for bankruptcy protection last March. Subsequently, the FNN broadcast network and other assets were sold to NBC’s Consumer News and Business Channel. FNN continues to operate its market data service division. A spokesman for the company told the Dow Jones news service that Deloitte & Touche has been cooperating with investigations into FNN and its affiliates. The spokesman declined further comment except to characterize the lawsuit as “entirely inappropriate.”