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Author Topic: Buca, Inc.  (Read 889 times)

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Buca, Inc.
« on: September 28, 2007, 02:00:43 PM »
Buca, Inc.
     


The Securities and Exchange Commission today announced the filing of a settled civil injunctive action against Buca, Inc. (Buca), the Minneapolis-based corporate parent of the Buca di Beppo restaurant chain. The Commission's complaint, filed yesterday in federal court in Minneapolis, alleges that from 2000 to 2004, Buca materially understated the compensation of its top two officers, omitted significant related party transactions involving the company's former CEO and former CFO, and reported inflated income due to an earnings management scheme.
     

http://www.sec.gov/litigation/litreleases/2007/lr20312.htm
     
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