We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Interpublic Faces Expanded SEC Scrutiny

Law360 (November 9, 2005, 12:00 AM EST) -- Interpublic Group of Cos. Inc. reported another quarterly loss Wednesday following a $514 million restatement the company made in September, as the Securities and Exchange Commission said it had expanded its investigation of the beleaguered third-largest advertising services company.

In its first earnings report since it disclosed it overstated past results by $514 million, Interpublic said Wednesday its net loss narrowed to $101.5 million, or 24 cents per share, from $501.5 million, or $1.22 per share, a year earlier.

Meanwhile, the company revealed Wednesday it may...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.