Google+
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

 
| More
715

Popular photos

Most popular

Putin: Instead of exceptionalism, USA sows chaos in the world
Putin: Instead of exceptionalism, USA sows chaos in the world
Russian President Vladimir Putin appeared on international discussion forum Valdai on October 24 in Sochi. During his speech, Putin cracked down on the US-led politics in the Middle East and the rest...
The Dirty Politics of the Nobel Peace Prize
The Dirty Politics of the Nobel Peace Prize
The award of the 2014 Nobel Peace Prize to Pakistan's Malala Yousafzai and India's Kailash Satyarthi raises anew the persistent question concerning the dirty politics of the Norwegian Nobel Committee...
Система Orphus