UPS, SEC

UPS to pay $45M to US settle charges that it improperly valued its freight division
UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles in valuing its freight unit.
UPS Settles With SEC Over Freight Business Valuation
UPS has reached a $45 million settlement with the Securities and Exchange Commission over claims made by the agency that the carrier improperly valued its freight business in financial results reporting.
UPS to pay $45M penalty for improperly valuing business unit, SEC says
The Securities and Exchange Commission announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings
UPS Ordered to Pay $45 Million for Overvaluing Freight Business
The Securities and Exchange Commission said UPS didn’t properly record goodwill impairment related to its freight business, which was sold in 2021, because it had overvalued the unit.
UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit
(GAAP) in valuing one of its worst performing businesses. According to the SEC's order, UPS determined in 2019 that UPS Freight, a business unit that transported less-than-truckload shipments, was likely to sell for no more than about $650 million.
UPS Stock Rises Despite $45M SEC Penalty Over Freight Business Valuation: Retail’s Stuck In 'Neutral'
The Securities and Exchange Commission (SEC) said on Friday that United Parcel Service Inc. ($UPS) is facing a penalty of $45 million for materially misrepresenting its earnings as it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses.
UPS hit with SEC fine over its internal valuation of UPS Freight before TFI sale
UPS is paying a steep fine to the SEC for how it valued UPS Freight before it was sold to TFI. The post UPS hit with SEC fine ...
Benzinga.com1d
Financial Crime Weekly: UPS Pays $45M Fine, BIT Mining Pays $4M Fine For Bribery
The SEC found that UPS did not record a goodwill impairment for its UPS Freight business division in 2019. If UPS had ...
Law1d
UPS Agrees to $45M Settlement With SEC Over Valuation Claim
The commission accused UPS of failing to follow generally accepted accounting principles, or GAAP, and “materially ...
Yahoo Finance22h
Atlanta-based UPS ordered to pay $45 million for over-valuing freight division
UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange ...
MarketWatch1d
Correction to UPS Freight Business Article
United Parcel Services was fined by the SEC for allegedly overvaluing its freight business. "UPS Ordered To Pay $45M For Overvaluing Freight Business," at 9:31 a.m. ET, incorrectly said the ...
freightwaves.com2d
More layoffs hit freight-related companies across US
UPS, Advance Auto Parts, Great Dane LLC and Ryder Transportation Solutions recently announced a total of 1,277 freight-related job cuts.
Finance News Network1d
UPS delivers $45m surprise: Accounting package gets returned to sender
Nov 2024 - UPS (NYSE: UPS) has agreed to pay US$45m to settle allegations by the US Securities and Exchange Commission (SEC) ...