Seismic Data Co. Under SEC Review Hit With Stock-Drop Suit
Law360 (August 19, 2019, 7:25 PM EDT) -- An oilfield services company that specializes in providing seismic data was hit with a stock-drop suit by a proposed class of investors on Sunday, three days after it announced the U.S. Securities and Exchange Commission was investigating its conduct in recent accounting matters.
SAExploration Holdings Inc. issued a press release last Thursday announcing not only the SEC investigation but also that the company had fired its chief financial officer and that its chief executive officer had been placed on administrative leave and resigned as chairman. SAE added in the release that it would be restating previously issued financial statements dating back...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!