Reuters: Regulatory News: SEC in formal probe of Paccar financial statements

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SEC in formal probe of Paccar financial statements May 10th 2012, 18:57 Thu May 10, 2012 2:57pm EDT May 10 (Reuters) - The U.S. Securities and Exchange Commission has initiated a formal investigation of Paccar Inc's financial reporting from 2008 to 2011, the truck maker said in a regulatory filing on Thursday. The SEC has requested information concerning the company's loan loss reserves, debt restructuring and segment reporting, according to the filing. Paccar said it is cooperating fully with the SEC's investigation. Paccar shares were down 1.5 percent at $39.85 in late trading on Nasdaq.

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