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GE.US
id: 315, Created by Stan Vick Chase, Scout
General Electric Company
Settled
16 October 2015
Class period Start16 January 2018
Class period End19 October 2022
Claim deadlineSEC 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