Celadon reveals income likely misreported by $250 million in recent years, stock trading halted

The company is under investigation by the Securities and Exchange Commission over the discrepancies within filings required of publicly traded companies, as reported by Overdrive in October. The SEC notified Celadon last May that it was at risk of being delisted on the New York Stock Exchange. The company acknowledged Tuesday it likely will not meet the May 2 deadline set by the SEC for reissuing the forms to prevent being delisted.
from Overdrive https://ift.tt/2q2mpk3

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