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Separate from the class action, the sec had established a fair fund of $200 million in civil money penalties paid by ge to resolve the sec’s charges for failing to disclose material. The lawsuit alleged that ge made false and misleading statements about its financial health, particularly regarding its reliance on intercompany factoring transactions. A ge representative said the settlement has brought the sec's investigation to a close, and no corrections or revisions to its financial statements are required.

On december 9, 2020, the u.s (ge) has agreed to pay a $200 million penalty to settle charges for disclosure failures in its. A fair fund will be created.

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 securities and exchange commission today announced that general electric co

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