Quintus Trading Halted as it Fires Execs, Restates

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Softwaremaker

Quintus

(QNTS)

was halted as it fired its chairman and CEO as well as its CFO and said it would restate financial results. The moves followed an audit committee report that found improperly recognized revenue based on falsified documentation. The stock, which stands at $2.97, is down from a 52-week high of $58.69.