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 and Exchange Commission (SEC) said on Friday.
UPS to pay $45M to US settle charges that it improperly valued its freight division
UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles in valuing its freight unit.
UPS Ordered to Pay $45 Million for Overvaluing Freight Business
The Securities and Exchange Commission said UPS didn’t properly record goodwill impairment related to its freight business, which was sold in 2021, because it had overvalued the unit.
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 carrier improperly valued its freight business in financial results reporting.
UPS to Pay $45 Million SEC Penalty Over Improper Valuation
United Parcel Service Inc. will pay $45 million to settle claims by the US Securities and Exchange Commission that the courier misrepresented its financial results by improperly valuing its freight business.
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Correction to UPS Freight Business Article
United Parcel Services was fined by the SEC for allegedly overvaluing its freight business. "UPS Ordered To Pay $45M For Overvaluing Freight Business," at 9:31 a.m. ET, incorrectly said the company ...
UPS in Denver to temporarily lay off more than 400 workers
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UPS Agrees to $45M Settlement With SEC Over Valuation Claim
The commission accused UPS of failing to follow generally accepted accounting principles, or GAAP, and “materially ...
New video emerges of 2019 police shootout that killed UPS driver, innocent bystander
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UPS, Williams Sonoma to fly more than 10,000 turkeys to Thanksgiving dinner tables
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