Specialty Retailer Pays $1.1M To End SEC Accounting Claims
Law360 (July 15, 2019, 9:38 PM EDT) -- Texas-based retailer Conn's Inc. and a former executive agreed to pay penalties of more than $1.1 million to resolve claims brought by the U.S. Securities and Exchange Commission over improper accounting practices, the company announced Monday.
Conn's, a specialty retailer that offers a variety of consumer goods along with credit financing services for customers with low credit scores, will shell out $1.1 million, while its ex-Chief Operating Officer Michael J. Poppe will pay $50,000, according to an unopposed bid for final judgment filed in Texas federal court Monday.
The charges and settlement arose out of a 2014 SEC investigation into the...
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!