For our sample firms, we identified the individuals accused by the SEC of fraudulently overstating
earnings by position (e.
Photo: ``Concert of Wills: Making the Getty Center'' lays out the competing visions of the $1 billion hilltop complex in the Santa Monica Mountains, foreshadowing the outcome without overstating
Greenspan said the Labor Department should speed its efforts to fix a range of shortcomings in its main measure of inflation, the Consumer Price Index, that have led, according to estimates by some economists, to overstating
increases in the cost of living by about 1 percentage point.
These inflated circulation numbers had a direct impact on the Company's financial results, thereby overstating
its revenue and income by millions of dollars.
The debate intensified last month when a Senate-appointed commission of five economists estimated that the CPI was overstating
inflation by more than 1 percentage point a year.
These statements were materially false and misleading because they failed to disclose and misrepresented the following adverse facts, among others: (a) that Veeco was materially overstating
its financial results by engaging in improper accounting practices.
Advocates for the elderly warned Wednesday that even these moderate annual increases could be threatened if government budget-balancers proceed with proposals to cut them by about one-third on grounds that the Consumer Price Index is overstating
In this action, Gans and Nicholas sought to demonstrate that both Chang, the founder and CEO of Clarent Corporation ("Clarent"), and Clarent's auditor E&Y - defrauded shareholders by materially overstating
Clarent's revenues for fiscal year 2000 and the first two quarters of fiscal year 2001.
City officials shift blame by consistently overstating
state takeaways, alleging a ``$2.
The complaint alleges that beginning as early as 2003, defendants initiated and engaged in a scheme to defraud advertisers at The Dallas Morning News as well as Belo's investors by intentionally overstating
the circulation of The Dallas Morning News in order to fraudulently extract higher incentive payments from the paper's advertisers.
The complaint alleges that Defendants issued a series of false and misleading statements regarding FRM's financial results and business model, resulting in the Company materially overstating
its earnings for the fiscal years 2000 through 2002, and the first three quarters of 2003.
Specifically, the complaint alleges that the defendants' statements were materially false and misleading as they failed to disclose or misreprented that the company had materially overstated its net income and earnings per share, due to its overstating
warehouse sales and that the company lacked adequate internal controls and was therefore unable to ascertain the true financial condition of the company.
In particular, the complaint alleges that: (a) Allou was materially overstating
its account receivables by at least $75 million, thereby overstating
its revenues and earnings; (b) Allou was materially overstating
its inventory by approximately $35 million, thereby overstating
its net worth; (c) as a result of the foregoing, Allou's financial statements were not prepared in accordance with GAAP; and (d) Mayer Ripsler, Arthur Andersen and KMPG did not conduct their audits in accordance with GAAS as they knew of, or recklessly disregarded, the accounting fraud at Allou.
Aircraft Mechanics Fraternal Association (AMFA) Local 33, serving Northwest and Mesaba Airlines, today expressed concern that Northwest is overstating
the SARS threat in order to continue avoiding obligations in its labor contracts.
What percentage of people do you think have ever "fudged" the truth, even a little bit, on their taxes -- by doing things such as overstating
how much money they donated to charity?