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U.S. SEC fines Koppers Holdings for making misleading statements

U.S. SEC fines Koppers Holdings for making misleading statements

[html](Reuters) – Koppers Holdings Inc agreed to pay a $1.3 million civil fine to resolve U.S. Securities and Exchange co*mission charges it…
                              

(Reuters) –     Koppers Holdings Inc agreed to pay a $1.3 million civil fine to resolve U.S. Securities and Exchange co*mission charges it failed to disclose material information about financial measures it highlighted regarding its efforts to reduce debt.


The regulator said on Tuesday that the Pittsburgh-based provider of carbon co*pounds, chemicals and wood products did not disclose that it met its debt reduction targets by withholding substantial past-due vendor payments in its 2019 fiscal year.


Koppers did not admit or deny wrongdoing.



(Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama)


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