The chief executive of The Mills Corp. assured shareholders Friday that there are no undisclosedproblems looming as the mall developer prepares to file its long-delayed financial earnings reports early next year.
Mark Ordan said the process of restating Mills reports has been "stunningly complex," but he provided few details about the reports and the reasons the real estatetrust pushed back its expected filing dates several times this year. He said there were no issues beyond the previously disclosed accounting errors, which the company is trying to fix.
"You should not read any of my remarks to say that there is some smoking gun out there that we are hiding," Ordan said at Mills' annual meeting.
Are things looking up for Mills Corp.?