Defendant Name: Office Depot, Inc.

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

Document Reference: comp21703

Document Details

Legal Case Name SEC v. Office Depot, Inc.
Document Name Complaint
Document Date 21-Oct-2010
Document Format Civil Proceeding
Case Number 10-cv-81239
Federal District Court Florida, Southern District of Florida
Allegation Type Issuer Reporting and Disclosure
Document Summary On October 21, 2010, the SEC filed a complaint against Office Depot, Inc. in U.S. District Court for the Southern District of Florida. The SEC alleged that in 2007 Office Depot selectively communicated to analysts that it would not meet quarterly earning estimates. Unrelated, the SEC also alleged that Office Depot overstated its earnings in financial statements for the third quarter of 2006 through the second quarter of 2007 as a result of accounting violations. As a result of this conduct, the SEC alleged that Office Depot violated Regulation FD and Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act.

Related Documents:

LR-21703 21-Oct-2010 Litigation Release
SEC Charges Office Depot with Improper Disclosures to Analysts
On October 21, 2010, the SEC issued a litigation release announcing that it filed an enforcement action against Office Depot, Inc. According to the SEC the action was filed for: "violating fair disclosure regulations when selectively conveying to analysts and institutional investors that the company would not meet analysts' earnings estimates. The SEC also charged Office Depot with unrelated accounting violations."
2010-202 21-Oct-2010 Press Release--Civil Action
SEC Charges Office Depot and Company Executives With Improper Disclosures to Analysts
On October 21, 2010, the SEC announced settled enforcement actions against Office Deport and two of its executives for "violating or causing violations of fair disclosure regulations when selectively conveying to analysts and institutional investors that the company would not meet analysts' earnings estimates." Additionally, the SEC charged Office Deport with accounting violations that resulted in an overstatement of the company's net earnings in its financial statements for the third quarter of 2006 through the second quarter of 2007.
court_doc5_10-cv-81239 28-Oct-2010 Court Docket Document
Final Judgment
On October 28, 2010, Federal District Judge Kenneth A. Mara entered final judgment against Office Depot, Inc. pursuant to the consent of Office Depot, Inc.

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