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Monday, December 09, 2019 12:40:13 PM
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On April 25th, 2019, it was announced that Celadon Group Inc. had agreed to pay total restitution of $42.2 million as a part of its deferred prosecution agreement (DPA) for filing materially false and misleading statements to investors and falsifying books, records and accounts.[3]
On December 5, 2019, the Securities and Exchange Commission (SEC) charged two former top executives of Celadon with accounting fraud.[4]
On December 8, 2019, Celadon Group, Inc. and 25 affiliates filed bankruptcy in the United States District Court for the District of Delaware. The primary case is identified as case number 19-12606.[5]
https://en.wikipedia.org/wiki/Celadon_Group
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