UPS will pay $45 million in fines with SEC settlement
The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented ...
Law8d
UPS Agrees to $45M Settlement With SEC Over Valuation Claim
United Parcel Service will pay $45 million under a settlement the delivery company has reached with the U.S. Securities and ...
UPS to pay $45M to US settle charges that it improperly valued its freight division
United Parcel Service Inc. will pay $45 million to settle charges that it improperly valued its freight division, the ...
JD Supra4d
SEC charges UPS with failure to take goodwill impairment charge require by GAAP
As alleged by the SEC, instead of calculating the write-down based on the price UPS expected to receive to sell its Freight business unit—as required under GAAP—UPS relied on a valuation prepared by ...
cfodive4d
SEC hits UPS with $45M fine for material misstatements
The company overvalued its freight unit, one of its ‘worst-performing’ business segments, prior to the unit’s sale in 2021 ...
UPS hit with SEC fine over its internal valuation of UPS Freight before TFI sale
UPS is paying a steep fine to the SEC for how it valued UPS Freight before it was sold to TFI. The post UPS hit with SEC fine ...
JD Supra3d
Freight Accounting Fumble Leads to SEC Fine: UPS Penalized for Not Booking Known Impairment to Goodwill
The Securities and Exchange Commission (SEC) recently announced that United Parcel Service Inc. (UPS) has agreed to pay a $45 million penalty ...
How Many More UPS Like Goodwill Write-Downs Hide In Plain Sight?
I found 507 firms with goodwill and intangible assets more than $1 billion on their balance sheets and market to book ratios ...
Transport Topics8d
UPS Settles With SEC Over Freight Business Valuation
UPS has reached a $45 million settlement with the Securities and Exchange Commission over claims made by the agency that the ...
Stocktwits on MSN8d
UPS Stock Rises Despite $45M SEC Penalty Over Freight Business Valuation: Retail’s Stuck In 'Neutral'
The Securities and Exchange Commission (SEC) said on Friday that United Parcel Service Inc. ($UPS) is facing a penalty of $45 million for materially misrepresenting its earnings as it failed to follow ...
UPS to pay $45 million penalty for improperly valuing business unit, SEC says
The United Parcel Service will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities ...
Yahoo7d
UPS will pay $45 million in fines with SEC settlement
The SEC has now settled charges with the Atlanta-based shipping and receiving firm after accusing UPS of "materially misrepresenting its earnings because it failed to follow generally accepted ...