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KKR.US
id: 1048
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
11/09/2023