‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInIntel probes reported hack of quarterly earnings info
Intel launched an investigation after a hacker reportedly stole part of its quarterly earnings report, forcing the computer-chip maker to publish its results early. Chief financial officer George Davis told the Financial Times that an infographic from its earnings release was hacked from the company’s PR website. Source: Intel probes reported hack of quarterly earnings […]
SEC to Review Allegations That Aflac Misled Investors – Bloomberg
The complaint filed with the SEC on behalf of former workers accuses the Columbus, Georgia-based insurer of inflating a measurement of how many associates were making sales and suggests the firm possibly manipulated earnings by shifting the timing of when it booked revenue, according to one of the people and the document, which was reviewed […]
Cosi Blames Decline in Q3 Sales on Pope | Compliance Week
Last week, in an effort to explain third quarter sales that were down slightly from sales reported in the third quarter of 2014, the restaurant Cosi pointed the finger at an unlikely figure: the Pope! via Cosi Blames Decline in Q3 Sales on Pope | Compliance Week