Your email has been successfully added to our mailing list.

×
-0.00345056403450561 -0.00345056403450561 -0.00345056403450561 -0.00345056403450561 8.29462508295049E-05 -0.000165892501658892 -0.000663570006635686 -0.00116124751161248
Stock impact report

MGI International Settles Tariff Dodge Scheme: Pays $6.8M, Former COO To Plead Guilty [Yahoo! Finance]

ITOCHU CORP UNSP/ADR (ITOCY) 
NASDAQ:AMEX Investor Relations: itochu.co.jp/en/ir/index.html
Company Research Source: Yahoo! Finance
This comes after voluntarily disclosing the misconduct and paying $6.8 million to settle related civil claims. The Justice Department credited the payment from MGI International LLC and its subsidiaries under the False Claims Act toward resolving its criminal probe under the Corporate Enforcement and Voluntary Self-Disclosure Policy. The resolution stems from efforts to evade Section 301 duties on Chinese plastic resin. In a separate criminal case, MGI's former chief operating officer, David Guimond, 48, of Manchester, New Hampshire, has agreed to plead guilty to one count of conspiracy to smuggle goods into the United States. Court documents allege that in 2021, Guimond directed employees to falsify manufacturer and country-of-origin details on submissions to U.S. Customs and Border Protection to skirt the tariffs. Guimond faces up to five years in prison, with a plea hearing to be set by a federal judge. “As this announcement demonstrates, the department will hold to accou Show less Read more
Impact Snapshot
Event Time:
ITOCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for ITOCY alerts
Opt-in for
ITOCY alerts

from News Quantified
Opt-in for
ITOCY alerts

from News Quantified