Mindray Medical - As SEC Confirms Enforcement Proceedings Are On-Going, We Say Expect a Restatement

Mindray Medical International Ltd (ADR) - MR

In a letter dated 03-Mar-2015, the SEC confirmed enforcement proceedings are on-going.

Facts of Interest or Concern:  Mindray is in the midst of a now-protracted SEC probe into serious matters on which it's provided no meaningful updates in the past year. According to the company's disclosures, most of the issues are top-line related.