(Reuters) - Philip Galbo, former treasurer at CVS, and Larry Solberg,
former principal accounting officer, agreed to collectively pay
$53,204 to settle claims they helped CVS materially overstate
its pretax earnings for the third quarter of 2000 by about
$18.1 million.
"The commission will continue to hold public companies and
their employees accountable when they fail to accurately
portray their financial results," said David Bergers, head of
the SEC's Boston office. "The investing public must be able to
count on the results reported each quarter."
Read more at Reuters.com Government Filings News
former principal accounting officer, agreed to collectively pay
$53,204 to settle claims they helped CVS materially overstate
its pretax earnings for the third quarter of 2000 by about
$18.1 million.
"The commission will continue to hold public companies and
their employees accountable when they fail to accurately
portray their financial results," said David Bergers, head of
the SEC's Boston office. "The investing public must be able to
count on the results reported each quarter."
Read more at Reuters.com Government Filings News
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