| Thread Tools |
29th January 2017, 11:06 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,578
| BT losing a pizza the action after Italian accounting scandal The BT Group is facing two shareholder lawsuits in the United States, after a fifth of the telecommunications company’s market value was wiped out in a single day amid a growing accounting scandal in Italy. The lawsuits accusing the British company and three top executives of securities fraud were filed in the US District Courts in Manhattan and in nearby Newark, New Jersey. Both lawsuits were brought by individuals seeking class-action status, and named Chief Executive Gavin Patterson, his predecessor Ian Livingston, and Finance Director Tony Chanmugam as defendants. A spokeswoman for BT declined to comment on behalf of the defendants. BT had launched an internal probe into its Italian business after a whistleblower flagged concerns. http://www.techeye.net/business/bt-l...unting-scandal |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
BT to take £530 million hit over 'improper' Italian accounting | Stefan Mileschin | WebNews | 0 | 28th January 2017 15:48 |
Toshiba covers itself for another accounting scandal | Stefan Mileschin | WebNews | 0 | 5th January 2017 11:04 |
Italian boffins create learning computer | Stefan Mileschin | WebNews | 0 | 12th November 2016 15:51 |
Pizza Hut delivers the world's first playable DJ pizza box | Stefan Mileschin | WebNews | 0 | 18th August 2016 12:17 |
Apple fined $347 million for Italian tax... irregularities | Stefan Mileschin | WebNews | 0 | 31st December 2015 06:51 |
Toshiba to cut 6,800 jobs following accounting scandal | Stefan Mileschin | WebNews | 0 | 21st December 2015 18:40 |
Italian army runs away from Microsoft | Stefan Mileschin | WebNews | 0 | 17th September 2015 10:53 |
Cooking with Watson: Italian grilled lobster | Stefan Mileschin | WebNews | 0 | 11th May 2015 09:14 |
Hackers take a pizza de action | Stefan Mileschin | WebNews | 0 | 18th June 2014 07:05 |
ABIT Faces Accounting Scandal, but Says No Partners Affected | jmke | WebNews | 1 | 22nd December 2004 00:06 |
Thread Tools | |
| |