Manitex International settles SEC charges of accounting fraud -agency
30/09/2020 24:06
WASHINGTON, Sept 29 (Reuters) - The U.S. Securities and
Exchange Commission said on Tuesday it had settled charges of
accounting fraud against heavy equipment manufacturer Manitex
International Inc MNTX.O and three former executives.
According to the SEC, Illinois-based Manitex misled its
outside auditor and as a result the company overstated its 2014
operating and pre-tax income and its 2016 net revenues and gross
profits.
(Reporting by Eric Beech; Editing by Mohammad Zargham)
((eric.beech@thomsonreuters.com
))
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