UPS to pay $45M to US settle charges that it improperly valued its freight division
UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles in valuing its freight unit.
UPS to pay $45 million penalty for improperly valuing business unit, SEC says
The United Parcel Service will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities and Exchange Commission (SEC) said on Friday.
SEC fines UPS $45 million, saying it improperly valued freight business
UPS has agreed to pay $45 million to settle a complaint with the U.S. Securities and Exchange Commission, which alleges the Sandy Springs-based shipper improperly valued one of its businesses.
UPS Settles With SEC Over Freight Business Valuation
UPS has reached a $45 million settlement with the Securities and Exchange Commission over claims made by the agency that the carrier improperly valued its freight business in financial results reporting.
UPS to pay $45M penalty for improperly valuing business unit, SEC says
The Securities and Exchange Commission announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings
UPS Ordered to Pay $45 Million for Overvaluing Freight Business
The Securities and Exchange Commission said UPS didn’t properly record goodwill impairment related to its freight business, which was sold in 2021, because it had overvalued the unit.
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