Рейтинг@Mail.ru
Pravda.ru

News » Business

Xerox Corp receives approval to settle securities lawsuit

27.03.2008 | Source:

Pravda.Ru

 
Xerox Corp receives approval to settle securities lawsuit

Xerox Corporation (NYSE: XRX) has got preliminary court approval to settle a $670-million-worth financial lawsuit.

The global document management company was sued in 2000 for misleading investors about the corporation’s financial state. By employing several "accounting maneuvers," Xerox managed to hide information about the stock that fell from a high of $63.69 to a low of $4.43 during 1998-2000. Xerox didn’t admit guilt.

Xerox will continue its dividend payments and its stock buyback program as the financial state is improved.

Photo: www.bloomberg.com

 

follow us in feedly



Popular photos


Most popular

OSCE: See No Evil, Hear No Evil, Speak Every Evil
OSCE: See No Evil, Hear No Evil, Speak Every Evil
How many times do we have to raise our voices about the GENOCIDE being conducted by the US-Ukrainian Nazi government forces against the people of Donbass? How many times do the people from OSCE have...
NATO's prime objective is to suppress the Russians
NATO's prime objective is to suppress the Russians
The number of NATO drills near Russia's borders has grown from 90-95 to 150 a year. NATO reconnaissance aircraft have started flying 9 times more often. NATO's activities are anti-Russian in their...
Система Orphus