NEW YORK (GenomeWeb News) - Beckman Coulter will not file its 10-Q for the quarter ended March 31 on time while its board of directors examines a former employee's wrongful termination claims.
The employee, whom the company has not named, alleges in an April 17 letter that he was terminated for reporting "certain accounting and financial reporting issues" involving the obsolescence of about $25 million of inventory, accounting for returned equipment under lease, and disclosure of causes for change in expenses, the company said.
Beckman Coulter said its audit and finance committee has retained outside counsel and an outside forensic accounting firm to investigate.