By Jeff Dale2024-05-16T18:52:00
Evoqua Water Technologies agreed to pay $8.5 million as part of a nonprosecution agreement (NPA) with the Department of Justice (DOJ) to settle admitted criminal charges related to fraudulent revenue recognition.
Evoqua, which designs industrial wastewater treatment and filtration plants, was headquartered in Pennsylvania. Its aquatics and disinfection (A&D) division was based in Rhode Island, where the misconduct took place, the DOJ said in a press release Tuesday.
In March 2023, the company settled its civil liabilities related to the same misconduct with the Securities and Exchange Commission (SEC) by agreeing to pay a separate $8.5 million penalty. Evoqua also paid nearly $16.7 million to settle a shareholder class-action lawsuit over the same misconduct.
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Electronic payments software company Cantaloupe agreed to pay a $1.5 million penalty to settle allegations of accounting fraud levied by the Securities and Exchange Commission arising from improper revenue recognition practices.
2023-03-14T16:38:00Z By Adrianne Appel
Evoqua Water Technologies Corp. agreed to pay $8.5 million to resolve charges the actions of a former company finance director led the firm to misstate its revenue in filings with the Securities and Exchange Commission.
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The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
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