Sentence examples for any restatements from inspiring English sources
Any restatements are widely expected to result in lawsuits by shareholders, but given the relatively modest announcements, even plaintiffs' lawyers were circumspect yesterday, a day one had previously termed "restatement day".
Berkshire Hathaway doesn't foresee any restatement of its financials, and has been "actively cooperating" with a regulatory probe.
Second, they should expand its coverage to include the profit on all sales or purchases of stock (even if not coupled with a purchase or sale) that occur within one year of any restatement of earnings or assets–again, whether the insider had actual prior knowledge of the restatement.
The company said Monday that it had not yet determined whether any income restatements would be necessary.
The company also agreed to add $5 billion in fresh funds to its capital reserve within the next nine months, a move apparently intended to shore up its finances in advance of any financial restatements.
In its press release, the company said it is still determining if any financial restatements will be necessary.
In its press release, Dell said it is still determining if any financial restatements will be necessary.
The firm said while the internal review of its accounting of ads and commerce sales continues, it does not expect any further restatements of results.
The courts have never said so, but the rule of thumb is that any accounting restatement that throws off earnings by 5 to 10 percent is material.
Jeffrey Halpern, an analyst at Sanford C. Bernstein, said he assumed that the company would have discussed any possible restatement with the S.E.C. "If Mr. Notebaert is doing this, he has talked with the S.E.C. and will remove the things they object to most strenuously in the financials," he said.
Analysts said the absence of any significant negative news, like accounting restatements, added to the good mood on Wall Street, which has had two consecutive weeks of gains in the three major indexes.
