Escala Delays Filing

It's still working on its internal probe.
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Escala Group (ESCL) will delay filing its annual report with regulators to give its board and audit committee more time.

The audit committee is probing the company's dealings with majority shareholder Afinsa Bienes Tangibles.

Escala shares lost three-quarters of their value over two days this past spring when Spanish investigators charged Afinsa Bienes in what they called a massive fraud scheme. Escala wasn't charged. The company said in June it received a formal order of investigation from the Securities and Exchange Commission. It pledged to cooperate.