|Company Name||Bruker Corporation|
On February 28, 2020, Bruker revealed that the company’s Audit Committee had begun an internal investigation after receiving allegations of improper tax accounting relating to income tax matters, including the effective income tax rate for 2019.
Then, on March 3, 2020, the Company reported that it could not timely file its annual report for 2019, citing the internal investigation, and that the scope of the investigation included the impact on the Company’s financial reporting and internal controls, including disclosure controls and procedures.
On this news, the Company’s share price fell sharply, thereby injuring investors.
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