On January 10, 2013, the SEC filed a complaint alleging that Volt Information Sciences, Inc. "overstated Volt's 2007 fourth-quarter and year-end revenue and consolidated net income by improperly recording $7.55 million as earned revenue."

On January 11, 2013, the SEC published a litigation release in this matter. According to the release "the Commission filed a settled civil action against Volt and Debra L. Hobbs ('Hobbs'), the former chief financial officer of the Volt subsidiary where the fraud originated. Without admitting or denying the complaint's allegations, Volt agreed to be enjoined from violating Section 17(a) of the Securities Act , and Sections 10(b),13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Exchange Act Rules 10b-5, 12b-20, 13a-1, and 13a-11. The Company cooperated during the Commission's investigation and has undertaken significant remediation efforts." The SEC's alleged that Volt's financial statements improperly reported revenue that "had not been earned and was not recognizable under U.S. Generally Accepted Accounting Principles."