PairGain Stock Dips on News of U.S. Probe
<i> (Bloomberg News)</i>
PairGain Technologies Inc. shares fell 94 cents to $13.88 after the Tustin telecommunications-equipment maker said the company and two top officers, including Chairman Charles Strauch, have been identified as targets of a federal criminal investigation into losses by a Beverly Hills money management firm.
The company said neither it nor the executives have broken any laws.
