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.
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.

Forums

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state
Racecar