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.
The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented ...
A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black ...
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.
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