Wet Seal to restate earnings back to 1998
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From Bloomberg News
Wet Seal Inc., a seller of clothing for young women, said it would restate earnings back to 1998 after discovering errors related to the accounting of past stock option grants.
No current executives or board members benefited from the option grants requiring adjustment, Wet Seal said in a filing with the Securities and Exchange Commission.
The Foothill Ranch company completed its review Thursday.
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