Wednesday - November 27, 2024
SEC Charges U.S. Navy Shipbuilder Austal USA With Accounting Fraud
August 28, 2024
WASHINGTON, Aug. 28 -- The Securities and Exchange Commission issued the following news release on Aug. 27, 2024:

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Australian parent company Austal Limited also charged with fraud

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The Securities and Exchange Commission today announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC's charges that the companies conducted a fraudulent reven . . .

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