The Channel logo

back to article Ex-state attorney general probes Tech Data CEO's sale of $2m shares

A firm of legal eagles is investigating whether distie giant Tech Data violated state or federal laws by making accounting errors that will wipe millions off its bottom line from recent years. Kahn Swick & Foti (KSF) is also probing CEO Bob Dutkvsky's offloading of $2m in his firm's shares earlier this month The US logistics …

COMMENTS

This topic is closed for new posts.
Silver badge
Go

When were the results announced?

If the CEO has ditched his shares just before the announcement caused the share price to drop that surely has to be a violation of insider trading laws.

However from the story, I cant quite tell when this "accounting error" was reported compared to when he made the share sale. Can you clarify that El Reg?

0
0
Anonymous Coward

How unexpected!

I'm sure the CEO is shocked, shocked! to discover there have been accounting irregularities going on with his business. And that his offloading of shares mere weeks before the public revelation was for entirely coincidental and for unrelated purposes.

Isn't it strange how these accounting mistakes are never for underbooking profit or sales. It's almost as if a CEO moves heaven and earth to investigate if he suspects the numbers are too low for a quarter, but shrugs if they seem a little too high...

0
0
This topic is closed for new posts.

Opinion

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on