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GE.US
id: 315

General Electric (GE) $200 Million SEC Fair Fund

Late claims are being considered for compensation, subject to approval.
SEC
Court
3-20165
Case number
10/16/2015
Class period Start
01/16/2018
Class period End
10/19/2022
Claim deadline
General 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

General Electric Company

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems...

    Ticker
    GE.US
    ISIN
    US3696043013
    CIK
    40545
    Sector
    Industrials
    Industry
    Aerospace & Defense
    Country
    USA
    Address
    1 Neumann Way, Evendale, OH, United States, 45215