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Delayed corporate filings show effects of Sarbanes-Oxley

Delayed corporate filings show effects of Sarbanes-Oxley

by Toby Lucich on May 20, 2005

Dozens of companies delayed filing their financial reports for the most recent quarter, continuing an already sharp increase in late filings this year as new corporate-governance regulations take hold.

At least 77 companies with market capitalizations of more than $100 million recently notified the SEC they would need more time to finish their quarterly reports — more than double the 36 companies of that size with delays in the first quarter of 2004, according to a tally by Glass Lewis & Co., a San Francisco research and proxy-advisery firm.

Delayed corporate filings show effects of Sarbanes-Oxley

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