Celsius modified stock awards for departing staff and misstated two quarters
The energy-drink company changed stock-award terms for six leavers without applying modification accounting, understating expenses in two 10-Qs.
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3,222 PUBLISHED CASES · REGULARLY UPDATEDBecton Dickinson hid $59M in pump-recall costs and overstated profit by 82%
The medical-device giant knew its Alaris infusion pumps needed a recall but did not book the cost — one quarter's operating income was inflated 82%.
Read the caseFry's Electronics closed all 30 stores in a single day — no bankruptcy, no warning
36 years, 34 stores, 9 states. On 24 February 2021, Fry's shut every door at once. No Chapter 11, no going-out-of-business sale. Just a sign on the website.
Read the caseThe RealReal IPO'd on the promise of authentication — then sold fakes
Raised $300M in its 2019 IPO on the claim that every item was authenticated. Chanel sued. Forbes found counterfeits. Three CEOs in five years followed.
Read the casePacific Coffee had 500 stores in Greater China — now about 100 remain
The Hong Kong chain that predated Starbucks in Asia was squeezed between premium and cheap, and the pandemic finished the retreat.
Read the caseRovio built a $216M business on one angry bird — then profits fell 73% in a year
Angry Birds made Rovio a household name. Merchandise revenue fell 43%, profits dropped 73%, and 370 staff were laid off. Sega bought it for $776M.
Read the caseDubai World owed $59B, asked for a standstill, and rattled global markets
The government-owned developer behind Palm Jumeirah held three-quarters of Dubai's debt — when it asked to delay payment, the Dow fell 155 points.
Read the caseChipotle's fresh-food model sickened 1,100 people and cost $25M
Chipotle's 'food with integrity' meant fresh, minimally processed ingredients — harder to keep safe. From 2015 to 2018 a string of outbreaks sickened 1,100+.
Read the caseBlue Apron went public at $10 a share and was sold six years later for $103M
The meal-kit pioneer IPO'd in 2017 and lost 81% of its market value within nine months. Paying customers fell 24% in a single quarter. Wonder Group bought it.
Read the caseAbengoa piled up €20B in project-finance debt — Spain's green-energy giant collapsed
Spain's largest renewable energy company grew through project debt that looked off-balance-sheet. When a €350M rescue fell through, the whole structure went.
Read the caseBuzzFeed's revenue fell 42% in one year — free content without subscribers has no floor
Valued at $1.7B, BuzzFeed built on social traffic. When algorithms shifted, revenue fell from $437M to $253M in a year. The stock lost 98%.
Read the caseEricsson cut 5,200 Swedish jobs in two years as its services bet hollowed out R&D
The telecom giant overexpanded into managed services and lost its technology edge. Two rounds of cuts and a CEO change followed.
Read the caseOatly's green ads were banned — it compared its best product to milk's worst number
Oatly claimed 73% less CO2 than milk, but only tested one product against whole milk. The ASA banned four claims in its biggest UK campaign.
Read the caseTim Hortons tried the US for 40 years — brand awareness was 25 out of 100
Canada's most beloved coffee chain opened US stores from 1981 onward. US sales were half the company average; Dunkin' owned the same territory.
Read the caseThe Virginia Company raised a fortune on gold that never came — and lost its charter
It sold shares at £12 10s on the promise of gold. None was found. It lived on lotteries and fresh investors until the Crown revoked its charter in 1624.
Read the caseHopper hid a 'tip' and a VIP fee at checkout and paid the FTC $35M
Internal testing showed the fees were deceptive and most users would decline them — Hopper kept them pre-selected anyway.
Read the caseGameStop's profit came from used games — digital distribution deleted them
GameStop's best margin was selling the same disc twice. When games went digital that business vanished; in 2019 it closed 200 stores and posted a $415M loss.
Read the caseASOS was worth £10B, then The Guardian called it a 'fast-fashion also-ran'
Shares fell 70% in a year. Revenue stalled at £2.5B with a £298M net loss. A £3.95 returns fee angered the customers who bought three sizes to keep one.
Read the caseParty City filed for bankruptcy twice in two years — then closed every store
800 stores and over $1B in debt. The first Chapter 11 cut the debt; the second closed the doors. Dollar Tree bought 150 leases for the fixtures.
Read the caseSpirit Airlines filed for bankruptcy twice in nine months — then stopped flying
A blocked $3.8B JetBlue merger left Spirit with $1.2B in annual losses. Two Chapter 11 filings later, the last flight landed at Dallas–Fort Worth.
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