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BYD and Tesla are arguably the top two EV producers, with Tesla presently holding the lead with the most EVs produced in 2023. BYD recently announced over 3 million "NEVs" made in 2023, which is more than Tesla, but, there is more to this story. ....
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We discuss two decisions involving claims under Section 10b of the Securities Exchange Act of 1934 and Rule 10b-5 based on alleged channel stuffing a company’s practice of shipping excessive product to its distributors, and an allegedly over-hyped COVID-19 vaccine candidate. ....
Monday, February 22, 2021 Companies “cook the books” when they use accounting schemes and tricks to falsify their financial statements (i.e., their books) to make their results appear better than they actually are. With the recent economic slowdown, many companies are under increased pressure to show stability, or even growth, and paint a rosy picture for investors. That pressure will undoubtedly cause some companies to engage in accounting fraud to distort their financial results, thereby misleading investors. As with most accounting scandals, companies are usually unable to sustain the deception, and the house of cards eventually collapses. Report Accounting Fraud and Earn an SEC Whistleblower Award ....