SEC.gov | UPS to Pay $45 Million Penalty for Improperly Valuing ...
2 days ago · The SEC’s order finds that UPS violated Sections 17(a)(2) and (3) of the Securities Act, the reporting, book and records, internal accounting controls, and disclosure controls provisions of the Exchange Act, and various related rules. In addition to the civil penalty, UPS, without admitting or denying the SEC’s findings, agreed to cease and ...
UPS to pay $45M to US settle charges that it ... - Associated Press News
2 days ago · United Parcel Service Inc. will pay $45 million to settle charges that it improperly ... unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day. ... the SEC said that UPS relied on an outside consultant’s valuation ...
UPS to Pay $45 Million Penalty for Improperly Valuing ... - U.S. News
2 days ago · WASHINGTON (Reuters) - 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.
UPS hit with SEC fine over its internal valuation of UPS Freight …
2 days ago · According to a prepared statement released by the SEC, UPS in a 2019 internal review concluded that the top price it could receive for UPS Freight was $650 million (or $150 million less than it ...
UPS to Pay $45 Million SEC Penalty Over Improper Valuation
2 days ago · UPS, which didn’t admit or deny the findings, agreed to avoid future violations, the SEC said. The company said in an emailed statement that it recorded a non-cash goodwill impairment charge in ...
UPS will pay $45 million in fines with SEC settlement
2 days ago · The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented earnings, the U.S. Securities and Exchange Commission confirmed in a ...
UPS to Pay $45 Million SEC Penalty Over Improper Valuation (1)
2 days ago · United Parcel Service Inc. will pay $45 million to settle claims by the US Securities and Exchange Commission that the courier misrepresented its financial results by improperly valuing its freight business. The company failed to follow generally accepted accounting principles when it evaluated its less-than-truckload operations in …
UPS Hit With $45 Million Penalty by SEC Over Improper Valuation
2 days ago · United Parcel Service Inc. will pay $45 million to settle claims by the US Securities and Exchange Commission that the courier misrepresented its financial results by improperly valuing its ...
UPS to pay $45M to US settle charges that it improperly valued its ...
2 days ago · The SEC order said that in 2019 UPS determined that its freight division was likely to sell for no more than about $650 million. UPS’s own analysis indicated that nearly $500 million of goodwill ...
UPS Agrees to $45M Settlement With SEC Over Valuation Claim
2 days ago · Back in 2019, the company conducted a review of UPS Freight, then one of its worst performing business units, according to the SEC's order. While UPS had valued the business on its balance sheet ...