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Oct 21, 2010 · SEC Charges Office Depot and Company Executives With Improper Disclosures to Analysts FOR IMMEDIATE RELEASE 2010-202. Washington, D.C., Oct. 21, 2010 — The Securities and Exchange Commission today announced enforcement actions against Office Depot, Inc. and two executives for violating or causing violations of fair disclosure regulations when selectively conveying …
Nov 16, 2006 · Oh and get this -- I just found out that Steve Odland, Chairman and CEO of Office Depot, is listed as a member of the Advisory Council of "Business Roundtable Institute for Corporate Ethics." Their website states that they establish "to renew and enhance the link between ethical behavior and business practice."
Oct 29, 2010 · Still, on June 25, McKay instructed the director of IR to call Office Depot’s top 20 institutional investors “and relay the same talking points to them,” the complaint adds. Office Depot’s stock price fell 2.8% on the first day of the calls, to close at $33.49 on active trading, as part of a 7.7% price fall-off over the six days.
reading of the complaint in light of these supplemental allegations is that the Office Depot vendor rebate/inventory lockout scheme was "dictated and encouraged" by the company's Executive Committee, including defendant officers Steve Odland and Patricia McKay, in order to artificially 3
later find in connection with filing settled Regulation FD charges against Office Depot, Odland, and Office Depot’s former CFO, Patricia A. McKay (“McKay”), in October 2010, as Office Depot’s 2Q 2007 drew to a close, knowing the Company’s financial performance had
Access the headquarters listing for Office Depot, Inc. here. ... Mr. Steve Odland, Chairman, CEO; Contact Information. ... When considering complaint information, please take into account the ...
(“Austrian”) (Office Depot, Odland, Newman, and Austrian are sometimes collectively referred to as ... for Office Max and Office Depot.” As a result, Defendants were highly motivated to report positive ... et al. 11-CV-80364-Amended Class Action Complaint For Violation Of The Federal Securities Laws
Jan 17, 2011 · According to the SEC's complaint, in late May 2007, Odland alerted Office Depot's board of directors that the company was not likely to meet analysts' consensus estimate of $0.48 earnings per share for the second quarter of 2007 and that senior management was considering a strategy to avoid a complete surprise to the market.
Oct 21, 2010 · In the Matters of Office Depot, Inc., Stephen A. Odland, and Patricia A. Mckay, CPA. The Securities and Exchange Commission today announced enforcement actions against Office Depot, Inc. and two executives for violating or causing violations of fair disclosure regulations when selectively conveying to analysts and institutional investors that the company would not meet analysts' earnings ...
Those calls cost the company $1 million in a settlement announced today with the Securities and Exchange Commission, which charged Office Depot with violating fair disclosure regulations as well as unrelated accounting violations. CEO Stephen Odland and former CFO Patricia McKay will pay $50,000 each without admitting wrongdoing.
A. Odland, Sec. Exch. Act. Rel. No,. 63513, who resigned shortly after the SEC’s action; and its for - mer CFO, Patricia A. McKay, Sec. Exch. Act. Rel. 63514. The SEC also filed a complaint in federal district court for purposes of assessing a financial penalty against the company. SEC v. Office Depot, Inc.
dismissal of the Second Consolidated Amended Complaint (the SCAC) against Office Depot, Inc. (Office Depot), Office Depot’s former CEO and Chairman Steve Odland (Odland), and Office Depot’s former CFO Patricia McKay (McKay) (collectively, Defendants). The …
May 11, 2016 · Office Depot "has proven it is very difficult to compete in this sector, and I think they're going to have to take these kind of measures," said Odland, who led the company from 2005 to 2010.
Oct 25, 2010 · Office Depot’s announcement made no reference to the SEC settlement, in which the company and the executives neither admitted nor denied the actions outlined in the complaint…
In the third Regulation FD enforcement action in the last 13 months, on October 21, 2010, the Securities and Exchange Commission brought enforcement actions against Office Depot, Inc. ("Office Depot") and its now former CEO and CFO. In this action, the SEC alleged that Office Depot, the CEO, and the CFO violated Regulation FD in June 2007 by selectively releasing information designed to guide ...
On Monday, October 25, Office Depot announced that Odland will resign as Chairman and CEO effective November 1. In a series of telephone conversations with securities analysts, Office Depot’s Director of Investor Relations discussed the ... However, Office Depot, as the SEC noted in its complaint and cease-and-desist orders, lacked ...
Office Depot, Inc. v. National Union Fire Insurance Company of Pittsburgh, PA Doc. 176 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA CASE NO. 09-80554-CIV-MARRA OFFICE DEPOT, INC. Plaintiff, vs. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA. Defendant, AMERICAN CASUALTY INSURANCE COMPANY OF READING, …
Oct 21, 2010 · Office Depot and two of its executives will pay more than $1m to ... Office Deport shares had lost 7.7 per cent of their value. ... According to the SEC’s complaint, Mr Odland and Ms McKay ...
The Low Price Guarantee is a standard policy of Office Depot (as well as most electronic retailers) that affects consumers but yet might not be a point of information that they are entirely aware of. It is a part of Office Depot and relevant in how they operate.
Lead plaintiff in the consolidated class actions, the New Mexico Educational Retirement Board, filed its Consolidated Amended Complaint on July 2, 2008. On September 2, 2008, Office Depot filed a motion to dismiss the Consolidated Amended Complaint on the basis that it fails to state a claim.
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