Posted on 16/03/06
SEC may force Royal Group to restate
TORONTO -- Embattled plastic products maker Royal Group Technologies Ltd. may have to restate some of its previous financial reports as a result of a U.S. Securities Exchange Commission review.The restructuring company, which is facing criminal and regulatory investigations in Canada, said yesterday that it is in discussions with the SEC about financial statements for the year ended Dec. 31, 2004, and its 2005 quarterly filings.
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