Riverdeep denies SEC investigation
Thursday, 17 October 2002E-learning company Riverdeep has stated this morning that, contrary to press reports, it has never been the subject of any investigation by the SEC in the US.
In a statement to the Dublin Stock Exchange, Riverdeep said after its de-listing from the New York-based Nasdaq index, it would continue to report information on a quarterly basis consistent with its past practices.
Riverdeep left the Nasdaq earlier this month and took its primary listing on the Irish stock exchange.
The company said the decision was made to consolidate the liquidity of Riverdeep shares on one market. Previously a number of troubled technology groups, including Ireland's Baltimore, have de-listed from the Nasdaq in order to save themselves the costly reporting requirements of the US exchange.
