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Some analysts have criticized company executives for not disclosing the problems sooner.
The disclosures prompted fresh criticism that the board had not been as forthcoming as it should have been in disclosing the problems promptly and in detail.
(The drama over whether the Treasury Department had prevented Bank of America from disclosing the problems at Merrill Lynch was an added nudge).
Similar(57)
Some say that disclosing the problem and talking about it is a way of eliminating it, but the Creature does not always respond to even the most honest and open discussion.
Guidant was slow to disclose the problems to doctors.
By then, however, the senator himself had disclosed the problems in his campaign.
Guidant, which Boston Scientific acquired in 2006, angered doctors and regulators by failing to quickly disclose the problems.
Trading in Saipem's shares was suspended in Milan midday Wednesday before Eni publicly disclosed the problems, after being down 4 percent.
The agency also confirmed that the laboratory and low-level Energy Department officials had failed to disclose the problems once they knew of them.
He sold the last of his shares for $13 each in mid-October, just before the company disclosed the problems that led to its bankruptcy filing.
In late 2011 the Justice Department opened a Foreign Corrupt Practices Act investigation into Wal-Mart — apparently after the corporation had learned of The Times's reporting and disclosed the problems to the government.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com