Wells Notice? This Glass is Half-Full
I did a double-take when I first read this press release by Interpublic a few weeks ago that so pleasantly described a "development" in an SEC investigation into certain restatements, an "invite" to respond to a Wells notice, and that how "under recently revised settlement procedures, such a [Wells] notice is now a prerequisite to settlement negotiations with the Commission staff."
I’ve had this press release in the "to-blog" file for some time as I was now not quite sure what to do with it, but I think that this post that I belatedly just discovered on Footnoted.org does the job for me quite well.
