headquarters to Northfield Hills Corporate Center in Troy, Michigan. The carpet and acoustic group, automotive fabrics and Akro floor mats were moving from Bloomfield Hills, Michigan, and Dura Convertible Systems was moving from Madison Heights, Michigan, while the Manchester Plastics unit acquired in 1996 and renamed Collins & Aikman Plastics was already in Troy. The company kept about 100 employees in various departments in Charlotte, where it had operations for 25 years, until 2003. In 2002, after the acquisition of the Textron Automotive trim unit, the company announced plans to move its operations to Stephenson Highway, where the plastics unit was already located. Entering into bankruptcy In early 2005 the firm had to review its 2004 results due to accounting problems. It then suffered a liquidity crisis which resulted in the ousting of the chairman and CEO, David Stockman, in early May, followed by the Chapter 11 filing. After filing for bankruptcy in Europe in May 2005 and in the United States in July 2005, Collins & Aikman announced April 6, 2006 that it would close four North Carolina plants. This included one plant in Farmville with 650 workers and three plants employing 590 in Person County, where the company was the largest employer and had been in Roxboro since 1923. Three other North Carolina plants employing 1,244 would continue operating in Albemarle, Old Fort and Montgomery County. The fate of the El Paso, Texas plant and its 75 workers was uncertain. The Albemarle unit, started in the 1950s, became International Automotive Components in 2007. In September 2017 the Old Fort operation, with 700 employees, became part of a United Kingdom-based joint venture between Shanghai Shenda Co. Ltd. and International Automotive Components called Auria Solutions, Ltd., with U.S. headquarters in Southfield, Michigan and 21 plants in 10 countries. This was followed in July 2011 by a British High Court ruling which put 24 C&A companies across 10 European countries into English administration proceedings, recognising that these companies operated as a cohesive unit and would need to be dealt with holistically. SEC lawsuit On March 26, 2007 the SEC filed civil fraud charges against C&A, David Stockman and eight other former C&A directors and members. The suit alleged that C&A had inflated its quarterly earnings from the end of 2001 to 2005, by using "round-trip" transactions with Elkin B MacCallum, a member of C&As board, and a supplier to C&A, to