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XYL.US
id: 1025

Xylem (XYL) Accounting Machinations Case

  • On August 9, 2023, Spruce Point Capital published a report accusing Xylem (XYL) of accounting machinations.
  • On it, $XYL fell 2.7%, losing $679M+ of shareholder value.
  • Investors may have grounds to suspect Xylem of using accounting machinations to misrepresent its financial position, which led to their losses.
On August 9, 2023, Spruce Point Capital published a report questioning the accuracy of the Company’s cash liquidity.

Spruce Point Capital also stated that it identified new evidence of accounting machinations ahead of Xylem’s acquisition of Evoqua Water Technologies Corp.

On this news, $XYL fell 2.7% and lost over $679 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Xylem used accounting machinations to misrepresent its financial position, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Inactive Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08/09/2023
Collecting participants…

Xylem Inc

Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for utility, industrial, and residential and commercial building s...

    Ticker
    XYL.US
    ISIN
    US98419M1009
    CIK
    0001524472
    Sector
    Industrials
    Industry
    Specialty Industrial Machinery
    Country
    USA
    Address
    301 Water Street SE, Washington, DC, United States, 20003