Fair Value Accounting at Noble Group (B)

Following a series of reports by Iceberg Research alleging that Noble Group was too aggressive in its fair value accounting for contracts and investments in producers, Noble’s stock price continued to fall and stakeholders began to call for improved transparency in financial reporting. This case contains two actions that the company took in an attempt to signal confidence in and credibility of its financials. This case supplements the (A) case HBS No. 118-034.