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According to MarketWatch: The Complaint alleges that defendants misrepresented or failed to disclose that: (a) the Company materially understated refund reserv
by komaiko 14y ago
According to MarketWatch:
The Complaint alleges that defendants misrepresented or failed to disclose that: (a) the Company materially understated refund reserves for fourth quarter 2011 due to a failure to properly account for coupon refunds; (b) as a result, the Company materially misstated its previously reported fourth-quarter and full-year 2011 financial results; and (c), the Company lacked adequate internal and financial controls.