Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Investor class action
Investors brought a class action alleging that Redline had overstated profits and understated or downplayed costs in its financial statements. The case was settled in 2011, with payments by Redline and KPMG and no admission of liability by either defendant.
2010
Accounting irregularities and revenue restatement
Redline disclosed accounting irregularities in 2010. Trading in its shares was halted, and the company restated revenues for the years 2006 through 2009.