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Microsoft, SEC in settlement talks | |
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| Time: 04:34 EST/09:34 GMT | News Source: CNET | Posted By: Alex Harris | ||
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Microsoft is in talks with regulators to settle longstanding charges it misrepresented its financial results, but it isn't expected to pay a fine, according to published reports. The Securities and Exchange Commission will likely bring civil charges that Microsoft failed to keep accurate books and records, The Wall Street Journal reported Thursday, citing unidentified people familiar with the matter. When companies settle such charges, they typically agree to abide by SEC rules rather than pay a fine, the newspaper said. A settlement could still be weeks away and terms of any resolution may change, the report said. "Microsoft has cooperated fully with the SEC but because this is not a public inquiry, it's not appropriate to comment further or speculate about the status," of the investigation or any settlement talks, a company spokesman is quoted as saying. | ||
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