Brief: SEC Proposes Settlement With Houlihan Lokey To Resolve Investigation

Houlihan Lokey

25/05/2023 23:13

May 25 (Reuters) - Houlihan Lokey Inc  HLI.N :
    * HOULIHAN LOKEY - AFTER REPORTING EARNINGS FOR FY ENDED
MARCH 31,
2023, SEC PROPOSED  POTENTIAL SETTLEMENT WITH CO TO RESOLVE AN
INVESTIGATION
    * HOULIHAN LOKEY- TOLD SEC'S DIVISION OF ENFORCEMENT OF
INTENTION
TO AGREE TO SETTLEMENT TO RESOLVE INVESTIGATION THAT INCLUDES
$15 MILLION CIVIL PENALTY
    * HOULIHAN LOKEY - DUE TO SETTLEMENT, DETERMINED IT SHOULD
RECOGNIZE A $15 MILLION ACCRUAL IN OTHER (INCOME)/EXPENSE, NET
FOR FISCAL ENDED MARCH 31, 2023

Further company coverage:  HLI.N 

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