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.)

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