PRLog - Feb. 1, 2011 - SAN DIEGO -- After Maxwell Technologies Inc. announced that it will pay almost $14.4million in connection with Foreign Bribery allegations an investigation for current long term investors in Maxwell Technologies Inc. (NASDAQ:MXWL)
If you are a current long term investor in Maxwell Technologies Inc. (NASDAQ:MXWL)
The investigation by a law firm for current long term investors in Maxwell Technologies Inc. (NASDAQ:MXWL)
Maxwell Technologies Inc. previously disclosed that it has been conducting an internal investigation, and providing information and documents to the United States Securities and Exchange Commission and the Department of Justice about “commissions”
Maxwell Technologies Inc announced “these payments equaled the difference between the quoted price for certain products and the amount that the independent sales agent was able to sell such products to certain customers in China. These payments had previously been recorded as commissions;
Maxwell Technologies said it agreed to pay an $8 million penalty to the Justice Department, and a total of $6.35 million in profit disgorgement and prejudgment interest to the SEC.
Shares of Maxwell Technologies Inc. (MXWL) traded recently at $18.00 per share.
Those who are current long term investors in Maxwell Technologies Inc. (NASDAQ:MXWL)
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