Amazon Settles Securities Suit, SEC Going After Qwest

from the NEXT! dept

Lots of news concerning tech companies and securities fraud today. Amazon has settled a suit concerning supposedly false statements made by executives at the company related to Amazon's tremendous bond offering. Meanwhile, the SEC has turned its attention to Qwest, where evidence suggests quite a bit of accounting fraud occurred. Of course, this all applies to stuff that happened five years ago, and the only reason the SEC is finally filing the suit is because the statute of limitations hits next week. (Updated to correct: the SEC was not involved in the Amazon suit, as originally suggested.)

2 Comments | Leave a Comment..


If you liked this post, you may also be interested in...
 

Reader Comments (rss)

(Flattened / Threaded)

  1.  

    No Subject Given

    identicon
    gp, Mar 11th, 2005 @ 5:54pm

    Amazon settled with private litigants, not the SEC. This is an important distinction. The article cited does not mention any SEC investigation regarding this issue.

    reply to this | link to this | view in thread ]

  2.  

    Re: No Subject Given

    icon
    Mike (profile), Mar 11th, 2005 @ 6:01pm

    Edited... thanks for pointing that out.

    reply to this | link to this | view in thread ]


Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>


A word from our Sponsors...
Follow Techdirt
Flattr rss rss
From the Techdirt Archive...
A word from our Sponsors...

Close

Email This