Who’s been dip­ping their fin­gers in­to the till at Parex­el?

The big CRO Parex­el be­lieves that some­body on the pay­roll has been dip­ping in­to the com­pa­ny till. And the in­ves­ti­ga­tion has so roiled op­er­a­tions it can’t get its an­nu­al 10-K to­geth­er in time – or so it in­formed in­vestors through a fil­ing with the SEC.

There’s not a lot of in­for­ma­tion avail­able.

“On Au­gust 29, 2016, the due date for the 2016 Form 10-K, the Com­pa­ny re­ceived a re­port of an in­ci­dent of mis­ap­pro­pri­a­tion of cor­po­rate funds by an em­ploy­ee in one of the Com­pa­ny’s in­ter­na­tion­al op­er­a­tions,” Parex­el alert­ed of­fi­cials. It’s prob­a­bly not a ma­te­r­i­al amount, the CRO adds, but the com­pa­ny is re­view­ing the sit­u­a­tion and needs more time to get to the 10-K.

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