Blog
How it works
Services
Sign In
Homepage
Blog
How it works
Services
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
GE.US
id: 315, Created by Stan Vick Chase, Scout

General Electric Company

Settled
16 October 2015
Class period Start
16 January 2018
Class period End
19 October 2022
Claim deadline
SEC v. General Electric.

General Electric has agreed to pay $200 million to settle the charges related to failing to disclose material information in its power business and worsening trends in its insurance business.

On December 9, 2020, the SEC instituted and simultaneously settled cease-and-desist proceedings against General Electric Company. It found that the Company failed to disclose material information to investors related to two of its key reportable segments during the period from 2015 through 2017.

The SEC ordered GE to pay a $200,000,000 civil money penalty and formed Fair Fund.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
SEC
Court
SEC
Administrator
RCB Fund Services
Court hearing date
09 December 2022
+$200,000,000
Total Settlement Amount
Created by Stan Vick Chase, Scout

General Electric Company

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgra...

    Ticker
    GE.US
    ISIN
    US3696043013
    CIK
    40545
    Sector
    Industrials
    Industry
    Specialty Industrial Machinery
    Country
    USA
    Address
    5 Necco Street, Boston, MA, United States, 02210