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Associated Press News

Associated Press News

US Navy shipbuilder Austal USA agrees to pay $24 million to settle accounting fraud probe

Associated Press News
Summary
Nutrition label

81% Informative

Alabama -based shipbuilder Austal USA pleads guilty to securities fraud, obstruction of audit.

The company conspired to mislead shareholders and investors about the company's financial condition, the Justice Department says.

The Justice Department said the appropriate criminal penalty would be $73 million , but that was reduced because of company's inability to pay.

VR Score

85

Informative language

87

Neutral language

51

Article tone

formal

Language

English

Language complexity

68

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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no affiliate links