Reuters logo
BRIEF-Celadon Group files for non-timely 10-Q
February 9, 2017 / 10:40 PM / 10 months ago

BRIEF-Celadon Group files for non-timely 10-Q

Feb 10 (Reuters) - Celadon Group Inc

* Files for non-timely 10-Q

* On Feb 7, 2017, Indiana court of appeals affirmed summary judgment in matter of Wilmoth et al versus Celadon Trucking Services

* Although co intends to further appeal the matter, there is no assurance the Indiana supreme court would accept the appeal

* Celadon Group says assessed likelihood of favorable outcome now decreased, anticipates accruing between about $4.5 million & $5 million, pretax, in respect of matter

* Celadon Group says due to timing of court decision & need to determine amount of accrual in co’s results, filing of 10-Q for Q2 will be delayed Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below