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

By James Jaillet -
Posted Apr 4th 2018 10:43AM

One of the country’s largest trucking companies has notified its shareholders that its reported profit for the prior four fiscal years could be as much as $250 million less than previous financial documents showed. Celadon Group (No. 31, CCJ Top 250) said Tuesday that it will reissue financial documents for fiscal years 2014, 2015, 2016 and 2017 after an internal investigation revealed errors in its earnings filings.

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...



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