Blackbaud Says As Part Of The Settlement, Co Agreed To Pay Total Of $6.75M To The State Of California
Portfolio Pulse from Benzinga Newsdesk
Blackbaud has agreed to pay a total of $6.75 million to the State of California as part of a settlement, according to an SEC filing.
June 14, 2024 | 8:28 pm
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Blackbaud has agreed to pay $6.75 million to the State of California as part of a settlement, which could have a short-term negative impact on its stock price due to the financial outlay and potential reputational damage.
The settlement involves a significant financial outlay of $6.75 million, which could negatively impact Blackbaud's short-term financials. Additionally, the settlement may cause reputational damage, potentially affecting investor sentiment.
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