Restaurant Equipment Articles : Frischs Restaurants Files Civil Lawsuit Against Former Officer
Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that it has filed a civil lawsuit against a former officer for allegedly defrauding the Company and embezzling a currently estimated $3.3 million over a multi-year period.
Frischs Restaurants Files Civil Lawsuit Against Former Officer
Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that it has filed a civil lawsuit against a former officer for allegedly defrauding the Company and embezzling a currently estimated $3.3 million over a multi-year period.
Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that it has filed a civil lawsuit against a former officer for allegedly defrauding the Company and embezzling a currently estimated $3.3 million over a multi-year period. In the Company's view at this point in the investigation, the fraud is not expected to have a material impact on previously reported net income for fiscal years 2014, 2013, 2012, and the first quarter of fiscal 2015. The Company has notified the appropriate law enforcement agencies and is evaluating the impact of the fraud on its reports on internal controls over financial reporting.
The Company's lawsuit alleges that
Michael Hudson, the former assistant treasurer, forged payroll documents and created false documents and accounting entries to divert Company funds into his personal accounts. As a part of
Restaurant Equipment Articles : Frischs Restaurants Files Civil Lawsuit Against Former Officer
Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that it has filed a civil lawsuit against a former officer for allegedly defrauding the Company and embezzling a currently estimated $3.3 million over a multi-year period.
Frischs Restaurants Files Civil Lawsuit Against Former Officer
Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that it has filed a civil lawsuit against a former officer for allegedly defrauding the Company and embezzling a currently estimated $3.3 million over a multi-year period.
Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that it has filed a civil lawsuit against a former officer for allegedly defrauding the Company and embezzling a currently estimated $3.3 million over a multi-year period. In the Company's view at this point in the investigation, the fraud is not expected to have a material impact on previously reported net income for fiscal years 2014, 2013, 2012, and the first quarter of fiscal 2015. The Company has notified the appropriate law enforcement agencies and is evaluating the impact of the fraud on its reports on internal controls over financial reporting.
The Company's lawsuit alleges that
Michael Hudson, the former assistant treasurer, forged payroll documents and created false documents and accounting entries to divert Company funds into his personal accounts. As a part of