Filed under: Scandals
Overstock.com (NASDAQ: OSTK) announced on Thursday that it received a notice from the SEC stating that the company was under investigation concerning its "previously-announced restatements of its financial statements in 2006 and 2008 and other matters."
CEO Patrick Byrne noted in the press release that "All of the matters that are the subject of the subpoena have been thoroughly disclosed and we are disappointed, given the extensive public disclosures Overstock has previously made, that the SEC, given all of the challenges it faces, has apparently chosen to expend time and resources on another investigation of Overstock. Rest assured, I will continue to speak out as I have on the shortcomings of our financial regulatory system."
Continue reading Overstock announces 'another' SEC subpoena
Overstock announces 'another' SEC subpoena originally appeared on BloggingStocks on Sat, 19 Sep 2009 15:10:00 EST. Please see our terms for use of feeds.
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