The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

GLOBAL CROSSING Definition & Legal Meaning

Definition & Citations:

A telecommunications company accused of reporting revenues that were in fact trades of communication capacity with other telecom companies that were not financial transactions. Charged in 2005 by the SEC with illegal accounting practices for inflated revenues reported to shareholders.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.