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ATI settles financial misconduct claims

By - Source: Tom's Hardware | B 0 comment
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ATI has agreed to cough up $743,000 to the Ontario Securities Commission to settle allegations that it failed to disclose key financial performance information and made "misleading statements" to the Commission.

The payment, agreed at an OSC hearing in Toronto yesterday, will see ATI pay CAD $400,000 to cover the costs incurred by the OSC during its five-year probe into the company and a further CAD $500,000 in punitive damages.

Read the complete story . (The Register)

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