Defendant Name: Office Depot, Inc.

Defendant Type: Public Company
SIC Code: 5943
CUSIP: 67622010

Initial Case Details

Legal Case Name In the Matter of Office Depot, Inc.
First Document Date 21-Oct-2010
Initial Filing Format Administrative Action
File Number 3-14094
Allegation Type Issuer Reporting and Disclosure
AAER 3198

Violations Alleged

Exchange Act
Rule 12b-20
Sec 13(a)
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Regulation FD


First Resolution Date 21-Oct-2010

Related Documents:

34-63152 21-Oct-2010 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On October 21, 2010, the Commission instituted proceedings and imposed a cease and desist order on Office Depot, Inc. The Order alleges that Office Depot violated Regulation FD "by selectively communicating to analysts that it would not meet analysts' quarterly earnings estimates." In addition, the Commission alleged that Office Depot, Inc. improperly recorded funding from long term marketing agreements with vendors under GAAP and that there were no internal controls in place as required in the Securities Laws. Office Depot, Inc. restated these financials in 2007 and consented to cease and desist orders, while agreeing to pay a $1M penalty.

Related Actions:

SEC v. Office Depot, Inc.
In the Matter of Stephen A. Odland
In the Matter of Patricia A. McKay, CPA