KKR & Co (KKR) US DoJ Compliance Investigation Case

On November 9, 2023, KKR (KKR) disclosed that the U.S. DoJ was investigating its compliance.
On it, $KKR fell 0.18%, losing $97M+ of shareholder value.
Investors may have grounds to suspect KKR of failing to comply with federal regulations, which led to their losses.
On November 9, 2023, KKR disclosed that the U.S. Department of Justice was investigating KKR’s compliance with merger filing requirements as well as restrictions regarding companies that hold directorships on boards of competitor corporations.

On this news, $KKR fell 0.18% and lost over $97 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect KKR of violating federal regulations, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.

Case Status

Attorney Investigation

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

09 November 2023

KKR & Co (KKR) US DoJ Compliance Investigation Case

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