GE and the SEC Postscript

http://www.futureofcapitalism.com/2009/08/ge-and-the-sec-postscript

In addition to the $50 million penalty we noted yesterday in the item on the GE-SEC settlment, GE spent $200 million on lawyers and accountants to deal with the alleged civil accounting fraud and the SEC investigation, the AmLaw Litigation Daily reports, noting that the company's lawyers included a former director of enforcement at the SEC. Add that cost to the punishment imposed by the government on GE shareholders, who are arguably the main victims of the improper accounting.

by Editor  |  Aug 5, 2009 at 6:34 am Related Topics:  Capital Markets Regulation, General Electric, SEC receive the latest by email: subscribe to the free futureofcapitalism.com mailing list