Hudson Highland Group Receives Wells Notice From SEC
May 15 2009 - 7:13PM
PR Newswire (US)
NEW YORK, May 15 /PRNewswire-FirstCall/ -- Hudson Highland Group,
Inc. (NASDAQ:HHGP) today announced that the company and its chief
financial officer have been notified that the Staff of the
Enforcement Division of the SEC intends to recommend that the SEC
bring an injunctive action for alleged failures to properly
disclose the company's North American state sales tax liability in
various SEC filings for periods from June 30, 2006 through March
31, 2007. The total amount of the company's past due sales tax
liabilities for the seven-year period from 2001 to 2007 was less
than $3.9 million. Company clients reimbursed the company for
approximately $450,000 of such liabilities. All taxes due to the
various states have been paid. The company and its chief financial
officer disagree with the SEC Staff's recommendation, but continue
to cooperate with the SEC Staff with respect to its investigation.
Further details on this matter can be found in the company's Form
8-K filed with the SEC on May 15, 2009. About Hudson Highland Group
Hudson Highland Group, Inc. is a leading provider of permanent
recruitment, contract professionals and talent management services
worldwide. From single placements to total outsourced solutions,
Hudson helps clients achieve greater organizational performance by
assessing, recruiting, developing and engaging the best and
brightest people for their businesses. The company employs nearly
3,000 professionals serving clients and candidates in more than 20
countries. More information is available at http://www.hudson.com/.
Contact: David F. Kirby 212-351-7216 Stefanie Schumann 312-795-4210
DATASOURCE: Hudson Highland Group, Inc. CONTACT: David F. Kirby,
+1-212-351-7216, , or Stefanie Schumann, +1-312-795-4210, , both
for Hudson Highland Group, Inc. Web Site: http://www.hudson.com/
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