Tuesday, February 20, 2018

Obalon: Whistleblower's allegations 'without merit'

In January the San Diego-based company terminated the offering after the whistleblower told its independent auditors, KPMG, of the allegations of improper revenue recognition during the fourth quarter. Obalon was looking to offer 5.5 million shares at $5.50 per share, for roughly $30.3 million plus an ...
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