SEC Charges GrubMarket With Overstating Revenue to Investors by More Than $500 Million
January 18, 2025
January 18, 2025
WASHINGTON, Jan. 18 -- The Securities and Exchange Commission issued the following news release on Jan. 17, 2025:
The Securities and Exchange Commission today announced settled charges against GrubMarket Inc., a private, California-based e-commerce food distributor, for providing investors with financial information that the company should have known was unreliable and that overstated its historical revenues by approximately $550 million.
According to the SEC's Ord . . .
The Securities and Exchange Commission today announced settled charges against GrubMarket Inc., a private, California-based e-commerce food distributor, for providing investors with financial information that the company should have known was unreliable and that overstated its historical revenues by approximately $550 million.
According to the SEC's Ord . . .