Defendant Name:
LaBarge, Inc.
Defendant Type:
Public Company
SIC Code:
3812
CUSIP:
50247010
Document Reference:
34-64776
Document Details
Legal Case Name
In the Matter of LaBarge, Inc.
Document Name
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 and a Penalty
Document Date
30-Jun-2011
Document Format
Administrative Proceeding
AAER
3297
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On June 30, 2011, the SEC instituted settled administrative proceedings against LaBarge, Inc., an electronics manufacturer. According to the Commission, from January 2006 through March 2007, "LaBarge did not keep accurate books and records or implement and maintain sufficient internal controls regarding its use of estimates of completion costs for certain long-term production contracts." LaBarge then used these estimates to determine its cost of sales and net earnings.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$200,000.00
Shared:
