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

 

Popular photos

Most popular

USA takes efforts to set Germany against Russia yet again
USA takes efforts to set Germany against Russia yet again
During the time of the two cold wars, the relations between Russia and Germany used to be and still remain a threat to America. The Anglo-Saxons make the two nations fight against each other. at the...
The Boys from Brussels
The Boys from Brussels
The private individual in Europe, usually referred to as "taxpayer," "consumer" or even sometimes "citizen," has absolutely no influence on what goes on in Brussels. If you want to know how the...
Система Orphus