JP Morgan Settles SEC Charges It Violated Whistleblower Protection Rule
The banking giant’s subsidiary agreed to be censured and pay an $18 million penalty.
The airline agreed to pay $5 million to the Birmingham fire and police pension fund but denied any wrongdoing.
Mississippi’s public employees' fund, a Louisiana sheriffs’ fund and the state of Rhode Island were among the lead plaintiffs.
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.