‘Enforcement 40’ for 2020
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By Securities Docket on December 22, 2020, 12:14 pm
The recent settlement that Cheesecake Factory paid to the Securities and Exchange Commission was relatively small, but it conveyed a big message: Public companies must accurately disclose the current and anticipated material impacts of COVID-19 on their operations and financial condition. Source: The SEC fires a warning shot about COVID-19 disclosures | Accounting Today
By Securities Docket on December 22, 2020, 12:12 pm
A surge in coronavirus cases in California has led to a four-month delay in the criminal trial of Elizabeth Holmes, the former CEO and founder of embattled health tech company, Theranos. In a late Friday night order, U.S. District Judge Edward Davila set a new trial date of July 13, 2021 for the case. Source: […]