InfoGroup sets timeframe for SEC filing

Share this article:

InfoGroup, formerly InfoUSA, said it would file overdue 10-K and 10-Q forms with the federal Securities and Exchange Commission by the end of July.

According to an SEC filing by InfoGroup, the company intends to file the reports by July 31 after an internal investigation is completed. The investigation is in response to an SEC investigation and shareholder lawsuit.

In response to the shareholder's litigation, the company's board of directors formed a special litigation committee on December 24, 2007. According to court papers, the five-member committee consists of “three newly appointed members” of InfoUSA's board as well as two members determined by the court to be “disinterested.” The five members of the special committee are Robin Chandra, Bill Fairfield, George Krauss, Bernard Reznicek, and Thomas Weatherford, according to a company press release.

In 2005, shareholder hedge funds Dolphin Limited Partnership and Dolphin Financial Partners filed suit in a Delaware court alleging that InfoUSA founder and CEO Vinod Gupta had spent corporate funds on personal expenses.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Epicor to Acquire Analytics Provider QuantiSense

Epicor to Acquire Analytics Provider QuantiSense

Retail solutions provider seeks to up its data analytics game for large and midsized retailers.

One Third of Companies Fail to Measure Data Quality ROI

One Third of Companies Fail to Measure Data ...

Twenty percent of companies assume their data quality tools pay off, while another 10% doesn't monitor ROI at all.

Ensighten and Anametrix Unite in an Open Relationship

Ensighten and Anametrix Unite in an Open Relationship

Ensighten's purchase of the analytics company is about giving ultimate ownership of data to marketers, says CEO Josh Manion.