Questions on accounting procedures exploded last February into afull-scale, ongoing investigation. But JDN's CEO Craig Macnab andthe board of directors emphasize "the special committee'sinvestigation found no evidence of wrongdoing or knowledge of anywrongdoing" by Nichols.

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The issue revolves around undisclosed compensation arrangementsand related party transactions involving two executives. Several ofthe transactions were approved by former chairman J. DonaldNichols, who resigned in April, as did a second executive.

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Discrepancies showed up in leases and real estate sales withWal-Mart Stores Inc. and Lowe's, JDN's largest tenants in itsshopping centers.

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