Sunrise Settles Charges Over Earnings

Sunrise Medical Inc., a medical products maker based in Carlsbad, Calif., agreed to settle Securities and Exchange Commission charges that it filed financial statements inflating its earnings by 16% for 1994 and by 40% for 1995. The SEC also charged five former employees and consultants, including a Sunrise unit’s former chief financial officer, Robert S. Barton, with participating in an effort to manipulate financial reports. The five individuals also settled the charges, the agency said.