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SEC Charges Retailer with Failing to Disclose Aircraft Perks

On December 17, the U.S. Securities and Exchange Commission announced it settled charges against fashion retailer Express, Inc. for failing to disclose $979,269 worth of perquisites and personal benefits provided to its...more

Is the SEC Cracking Down on Life Science Companies Misleading Investors?

On December 3, the U.S. Securities and Exchange Commission settled charges against biotherapeutics company Kiromic BioPharma, Inc., its former CEO, and its former CFO for failing to disclose material information about...more

The SEC is Cracking Down on Misleading Cybersecurity Disclosure

On October 22, 2024, the SEC charged two current reporting companies, Unisys Corp. and Check Point Software Technologies, and two former public companies, Mimecast Limited and Avaya Holdings Corp., with making materially...more

SEC Charges Biotech Co. with Misleading IPO Investors

On September 13, the SEC charged Zymergen Inc., a biotechnology company, with misleading IPO investors about the company’s market potential and sales prospects....more

SEC Charges Coffee Pod Co. Over Recyclability Claims

On September 10, the SEC charged Keurig with making inaccurate statements regarding the recyclability of K-Cups. According to the SEC’s order, in annual reports for fiscal years 2019 and 2020, Keurig stated that its...more

SEC Enforcement Sweep for Late Sections 13 and 16 Reports

On September 25, the Securities and Exchange Commission (SEC) announced that it had charged 23 entities and individuals for failure to timely file Schedules 13D and 13G reports and Forms 3, 4, and 5. The SEC also charged two...more

SEC Settles Seven Whistleblower Protection Actions

On September 9, the SEC settled charges against seven public companies for violations of the whistleblower protection rule. According to the SEC’s orders, among other things, these companies violated Rule 21F-17(a) by...more

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