Defendant Name:
Conn's Inc.
Defendant Type:
Public Company
SIC Code:
5722
CUSIP:
20824210
Document Reference:
comp24532
Document Details
Legal Case Name
SEC v. Conn's, Inc. and Michael J. Poppe
Document Name
Complaint
Document Date
15-Jul-2019
Document Format
Civil Proceeding
Case Number
19-cv-02534
Federal District Court
Texas, Southern District of Texas
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The Commission stated: "From the second quarter of fiscal 2013 through the second quarter of fiscal 2015 . . . Defendants understated the allowance for doubtful accounts and overstated income on Conn's financial statements. These errors resulted from: (1) Conn's use of a model to forecast its allowance for doubtful accounts that included management bias; and (2) the negligent application of that model by Conn's management, including Poppe, then the Chief Operating Officer of Conn's."
Other Defendants in Action:
