Go Symbol Lookup
Loading...

>> View AllResults for ""

 Enter multiple symbolsseparated by commas

 London quotes now available

U.S. News

Cardinal Health Settles Charges Related to Overstating Results

 Text Size  
Published: Thursday, 26 Jul 2007 | 12:05 PM ET
By: Reuters
Cardinal Health

Cardinal Healthhas agreed to pay $35 million to settle charges that it engaged in nearly a four-year fraudulent revenue and earnings scheme, the U.S. Securities and Exchange Commission said on Thursday.

The SEC complaint alleges that from September 2000 to March 2004 the Ohio-based company engaged in this conduct in order to present a false picture of its operating results.

Cardinal materially overstated its operating revenue, earnings and growth trends in certain earnings releases and filings with the agency, the SEC alleged.

The company did not admit to or deny the SEC's allegations.

 Print
Cardinal Health has agreed to pay $35 million to settle charges that it engaged in nearly a four-year fraudulent revenue and earnings scheme, the U.S. Securities and Exchange Commission said on Thursday.
  Price   Change %Change
CAH ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters
Preview Comment

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            

                Edit Comment
            

            

                Submit Comment
            

        
         
    
  





	    

	

    

        
        

            

            

        

         



    


	

	

	



			

		


		    
    		Featured
	    
    

		
 
	
    


			


			

			

	        	    	    	    	    		    		    		    	        
	    
    

    	        	


		    
    		U.S. Video
	    
    

                
 
	
    
        
                		        
  • 
	        		            	
	
							



    
	
    
											
					The Young & the Jobless 							
			
    
						
			
			
    Former Education Secretary Bill Bennett has a new book out called "Is College Worth It?" Bennett discusses financial aid, tuition and what else is discouraging to students.
    
	
		
	
	
    	            	        
    • 
                		        
  • 
	        		            	
	
							



    
	
    
											
					Economic Data Beat This Week 							
			
    
						
			
			
    Every single economic report beat the Street's expectations this week. Insight on the markets, and the Fed's impact, with Andy Cross, Motley Fool. 
    
	
		
	
	
    	            	        
    • 
                		        
  • 
	        		            	
	
							



    
	
    
											
					Lois Lerner Taking the 5th, or Not? 							
			
    
						
			
			
    Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman University.
    
	
		
	
	
    	            	        
    •