Then, on July 28, 2010, the Company announced
That effective July 22, 2010, Deloitte and Touche, LLP ("Deloitte") had resigned as the Company's independent public accountant.
Defendants revealed that "Deloitte advised the Company that certain information has come to Deloitte's attention, that if further investigated may materially impact the reliability of either its previously issued audit report or the underlying consolidated financial statements for the year ended December 31, 2009 included in the Company's 2009 Form 10-K."
Finally, on August 17, 2010, American Apparel shocked investors when it announced that despite quarterly net sales of $132 million to $143 million, it would report a net loss of $5 million to $7 million for the quarter
Duke, El Paso asked for trading records
Duke Energy Corp and El Paso Corp received subpoenas for trading records as authorities widened probes of sham transactions in natural gas and power markets. Duke shares fell 11 percent, their biggest drop in almost 15 years.The requests for documents came from the US Attorney's Office , as part of a grand jury investigation, and from the Commodity Futures Trading Commission, Duke said in a statement. Prosecutors have previously sought trading records from Dynegy Inc, Reliant Energy Inc and CMS Energy Corp.Duke, like some rivals, has admitted engaging in so-called 'round-trip' trades. It included about US$1
Stein Ole Larsen - Terra Gruppen AS Feb 2012
By Stephen Treloar
Editor: Christian Wienberg
Feb 18, 2012
Terra to Close Equity Trading Desk, CEO Resigns After FSA Report
Terra Gruppen AS Chief Executive Officer Stein Ole Larsen resigned yesterday and Terra will cut its equity trading desk after the Norwegian Financial Supervisory Authority criticized the management of the unit.
The equity trading desk and associated equity analysis operations will be closed after a preliminary report from the FSA identified âserious deficienciesâ in the management of Terraâs stockbroking unit Terra Securities AS, the Oslo-based company said in a statement on its website yesterday