Suits against management

“Jumio Estate Sues Ex-Chiefs Over Financial Statements,” The Wall Street Journal, September 6, 2017 B5.  Bankruptcy estate sues former company executives for “‘dramatically incorrect’ revenue statements.”  CEO, COO, and General Counsel  accused of inflating numbers to lure investors.

Good to see former executives (rather than just shareholders) having to pay for their alleged misdeeds.

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Filed under Compliance, Controls, Corporation, Directors, Duty, Governance, Information, Investor relations, Third parties, Value

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