- Computer Sciences (CSC), which has already seen certain non-U.S. employees and ex-employees receive Wells notices from the SEC's enforcement division, discloses the company itself received a Wells notice today. (8-K)
- As CSC states, a Wells notice indicates the SEC plans a civil action or administrative proceeding against a company or individual, but doesn't amount to a formal accusation or wrongdoing. The company says it remains in talks with the SEC about a possible settlement.
- The SEC began probing CSC's accounting in 2011. The IT services firm paid $97.5M earlier this year to settle a shareholder suit related to its accounting issues.
Computer Sciences receives Wells notice from SEC
Dec 11 2013, 18:18 ET