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SEC Charges U.S. Navy Shipbuilder Austal USA with Accounting Fraud

  • Written by Newsfile

Washington, D.C.--(Newsfile Corp. - August 27, 2024) - 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 revenue recognition scheme. As part...

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