Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, May 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

Computer Firm Will Cough Up $10 Million

WASHINGTON (CN) - Satyam Computer Services, of Hyderabad, India, will pay $10 million to settle an SEC complaint that it overstated its income by more than $1 billion over 5 years. In a separate, related settlement, PriceWaterhouseCoopers' Indian affiliates will pay $6 million for shoddy audits that enabled the accounting fraud.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.