Unite with Fellow Investors
Choose the Best Attorney
Follow Case Progress
id: 524, Created by Stan Vick, Scout
SEC Investigation into Misstatements & Whistleblower-protection Violations
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
On November 7, 2022, Gaia within the Q3 report disclosed a $2.0 million accrual for the anticipated settlement related to the SEC investigation.
- Later the WSJ reported that the Company would pay a civil penalty of $2 million to settle SEC allegations that it misstated the number of paying subscribers for the quarter that ended March 31, 2019.
- The settlement also addressed allegations that the Company’s termination of one employee and the language used in its severance agreements for other employees violated the SEC’s whistleblower protection requirements, according to the filing.
- WSJ said Gaia’s CFO, Paul Tarell, agreed to pay an additional $50,000 to settle allegations he caused the company’s misstatements in the 2019 quarterly earnings, without admitting or denying the allegations.
Taking all allegations and the SEC involvement into account, current and former Investors have all reasons to suspect that their rights were grossly violated.
Failure to Disclose,
Breach of Fiduciary duty,
Shock Event Date
07 November 2022