Brief: Clear Channel Outdoor Holdings Reaches Settlement With The U.S. Securities And Exchange Commission

Clear Channel Outdoor Holdings

28/09/2023 23:10

Sept 28 (Reuters) - Clear Channel Outdoor Holdings Inc
 CCO.N :
    * CLEAR CHANNEL OUTDOOR HOLDINGS, INC. REACHES SETTLEMENT
WITH THE
U.S. SECURITIES AND EXCHANGE COMMISSION
    * CLEAR CHANNEL OUTDOOR HOLDINGS - HAS AGREED TO PAY TOTAL
OF
APPROXIMATELY $26.1 MILLION IN DISGORGEMENT, CIVIL PENALTIES AND
PRE-JUDGMENT INTEREST TO SEC
    * CLEAR CHANNEL OUTDOOR HOLDINGS INC: COMPANY WILL MAKE
THESE
PAYMENTS IN A SERIES OF INSTALLMENTS OVER FOLLOWING YEAR
    * CLEAR CHANNEL OUTDOOR HOLDINGS INC - IN CONNECTION WITH
SETTLEMENT, U.S. DEPARTMENT OF JUSTICE HAS DECLINED TO PURSUE
ANY CHARGES AGAINST COMPANY
    * CLEAR CHANNEL OUTDOOR HOLDINGS INC - AS OF JUNE 30, CO
RECORDED
LIABILITY FOR FULL AMOUNT OF POTENTIAL SETTLEMENT IN
ANTICIPATION OF SUCH SETTLEMENT
    * CLEAR CHANNEL OUTDOOR HOLDINGS INC - IN CONNECTION WITH
SETTLEMENT, U.S. DEPARTMENT OF JUSTICE HAS DECLINED TO PURSUE
ANY CHARGES AGAINST COMPANY

Source text for Eikon:  ID:nPn4pgVQ6a 
Further company coverage:  CCO.N 

 ((Reuters.Briefs@thomsonreuters.com;))