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  "documentTitle": "Green Mountain Coffee Roasters (GMCR)",
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  "authorName": "David Einhorn",
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  "presentationDate": "2011-10-17 00:00:00",
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      "text": "It was difficult to understand how GMCR sold the extra $100 million of K-cups in the June 2011 Quarter",
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      "text": "It was alleged in a class action lawsuit filed earlier this year (1):",
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      "text": "Specifically, CW1 indicated that because there was no order for those products, no payment was ever made on the 150-truckload shipment. In addition, the order was not listed on the Company's production forecast schedule and employees who worked under CW1 not only saw the trucks go out, but visited MBlock and saw its warehouses filled to the rafters with K-cups. CW1, who estimated that the value the revenue recognized on the foregoing improperly recorded transaction to be between $7.5 and $15 million dollars...",
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      "text": "CW1 [Confidential Witness One] indicated that GMCR improperly recognized revenue on 150 truck loads of product that was shipped to MBlock during the quarter ended December 26, 2009. This former GMCR manager stated that he/she and other Company employees, including the Company's global transportation manager, were unable to locate the requisite paperwork, including purchase orders, material requisition orders, or product shipment authorizations, traditionally used by GMCR to validate the sale.",
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      "text": "1. Horowitz v. Green Mountain Coffee Roasters 7/12/11 (p.19)",
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