Terex: SEC investigates restatements

News Story
- 8 Sep 2005 ( #225 ) - WESTPORT, CT, United States
1 min read
Telehandler manufacturer Terex Corp has announced that the Securities & Exchange Commission (SEC) is investigating the restatement of its reports for 2000 to 2003 and other past transactions.

Terex said it had also received a subpoena from SEC requiring it to produce documents connected to transactions between Terex, its subsidiaries, and United Rentals, in 2000 and 2001.

Terex said it would voluntarily provide the SEC with information.

According to Dow Jones News Service, Terex is a major supplier to United Rentals. In June, Terex chairman and chief executive Ronald Defeo resigned from the United Rentals board to avoid potential conflicts of interest.

Early this year, Terex announced it was restating past financial statements after an internal audit of intercompany transactions found accounting errors (Forkliftaction.com News #192).
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Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

PREMIUM business

BSL New Energy Technology Co., Ltd
BSLBATT - practical expertise and excellent design in the industrial lithium-ion battery market.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET