Defendant Name:
LSB Industries, Inc.
Defendant Type:
Public Company
SIC Code:
2873
CUSIP:
50216010
Document Reference:
34-60336
Document Details
Legal Case Name
In the Matter of LSB Industries, Inc. and Jimmie Dean Jones, CPA
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
17-Jul-2009
Document Format
Administrative Proceeding
AAER
3015
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On July 17, 2009, the SEC instituted settled administrative and cease-and-desist proceedings against LSB Industries, Inc. ("LSB") and Jimmie Dean Jones, CPA ("Jones"). According to the SEC: "These proceedings arise out of LSB's and Jones' failures to comply with Generally Accepted Accounting Principles ("GAAP") in connection with LSB's change in inventory pricing methodology from LIFO to FIFO."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Defendants in Action:
