Office Depot Faces SEC Probe Over Analyst Calls

Law360 (February 27, 2008, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has launched a formal investigation into Office Depot Inc., probing for possible violations of federal securities laws, the company said Tuesday.

In a regulatory filing, Office Depot said the SEC issued a formal order of investigation last month, and is looking into the company's contacts and communications with financial analysts.

The SEC adopted Regulation FD, which is aimed at full and fair disclosure of information, in 2000. The rule says a publicly traded company cannot selectively disclose material non-public information...
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