Lovesac to pay SEC $1.5M over scheme that buried expenses

The sofamaker agreed to pay $1.5 million to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

Oct 30, 2024 - 23:00
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Lovesac to pay SEC $1.5M over scheme that buried expenses
The sofamaker agreed to pay $1.5 million to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.