Tuesday, January 4, 2005

Channel Stuffing at Krispy Kreme?

An AP article (Jan. 4) discusses a shareholder lawsuit accusing Krispy Kreme and its management of engaging in the age-old accounting practice known as channel stuffing, in which a company sends out large amounts of its wares at the end of the quarter to increase its revenue for that period.  With Krispy Kreme as the defendant in the private lawsuit and already involved in an SEC investigation, one can only imagine the puns that will be baked-up for this story (ding!).  (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/01/channel_stuffin.html

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