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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)

Citation
Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
Parent Document
Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
Jurisdiction
Missouri (state)
Effective Date
2005-04-12

Other Sections in This Document (84)

Full Text

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17 C.F.R. Part 229 (Regulation S-K); 17 C.F.R § 239.11 (Form S-l). Regulation S-X requires that financial statements be prepared in accordance with GAAP, and statements not prepared in accordance with GAAP “will be presumed to be misleading or inaccurate.... ” 17 C.F.R. § 210.4-01(a)(l). As Enterprise’s corporate comptroller and chief accountant, Dunn testified he was responsible for preparing its financial statements, which would have included the financial statements attached to the Form S-l. Dunn presented evidence at trial that the accounting methods Enterprise directed him to use in financial statements related to its IPO were not in accordance with GAAP. Dunn also presented evidence at trial to establish that he refused to comply with Enterprise’s instructions to use improper accounting methods to prepare its financial statements, and that he was terminated as a result of this refusal.