Clear Channel Outdoor Reaches Settlement With SEC Over U.S. Foreign Corrupt Practices Act Involving Chinese Subsidiary, Clear Media
Portfolio Pulse from Benzinga Newsdesk
Clear Channel Outdoor (CCO) has reached a settlement with the Securities and Exchange Commission (SEC) over violations of the U.S. Foreign Corrupt Practices Act involving its Chinese subsidiary, Clear Media. The details of the settlement have not been disclosed.
September 29, 2023 | 6:32 am
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Clear Channel Outdoor's settlement with the SEC over violations involving its Chinese subsidiary could potentially impact the company's reputation and financial standing.
The settlement indicates that Clear Channel Outdoor was involved in practices that violated U.S. law. This could potentially harm the company's reputation, which may in turn affect its stock price. Additionally, the financial terms of the settlement, which have not been disclosed, could have a significant impact on the company's financial standing.
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