28 dic 2012 año - MS claims DS failed to provide calculation of write down.

Descripción:

MS claiming that the SEC filing fails to provide specifics therefore they amount to a material change in allegations.


MS claims: DS failed to provide a detailed calculation" of the $8.8bn (£5.4bn) write-down in the value of Monarch in an end-of-year SEC filing.

DS's lack of specificity amounted to a "material change" in the allegations made.

MS claims DS failed to give more detail on how it had accounted for the write off.

MS wants to know how much of the charge was "being attributed to the alleged accounting issues, and how much to other changes in business performance and earnings projections".

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