GE.US
id: 315
General Electric (GE) $200 Million SEC Fair Fund
Late claims are being considered for compensation, subject to approval.
SEC
Court3-20165
Case number10/16/2015
Class period Start01/16/2018
Class period End10/19/2022
Claim deadlineGeneral Electric paid $200 million to settle 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 the Fair Fund.
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
2.04
Plaintiffs
SEC
Administrator
RCB Fund Services
Court hearing date
12/09/2022
Trades matching type
FIFO
+$200,000,000
Cash Settlement Amount