Lazare Kaplan Delays Official Filings

Finance and Trade
02/09/2015 10:35

New York-based diamond manufacturer Lazare Kaplan International has postponed the filing of its report with the U.S. Securities and Exchange Commission for fiscal year 2015. The firm has not resolved a material uncertainty concerning the collectability and recovery of certain assets, and its potential obligations under certain lines of credit and a guaranty. Lazare Kaplan reported earlier this year that it plans to file official quarterly and annual financial reports dating back to May 31, 2009.

Lazare Kaplan that no monies are due or owed to the Antwerp Diamond Bank under a $45 million facility and also denies that any action under that agreement be brought by the bank in the courts of Belgium.