Defendant Name: Tangoe, Inc.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 87582Y10

Initial Case Details

Legal Case Name SEC v. Tangoe, Inc., Albert R. Subblolie, Gary R. Martino, Donald J. Farias, and Thomas H. Beach
First Document Date 04-Sep-2018
Initial Filing Format Civil Proceeding
Case Number 18-cv-01479
Allegation Type Issuer Reporting and Disclosure
Federal District Court Connecticut, District of Connecticut

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a)(1)
• Sec 17(a)(2)
• Sec 17(a)(3)
• Sec 17(a) (Not specified)
Additionally, Gary R. Martino is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Donald J. Farias is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Thomas H. Beach is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Gary R. Martino is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(a) of the Exchange Act.
Donald J. Farias is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(a) of the Exchange Act.
Thomas H. Beach is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(a) of the Exchange Act.
Gary R. Martino is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Donald J. Farias is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Thomas H. Beach is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Gary R. Martino is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Donald J. Farias is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Thomas H. Beach is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Gary R. Martino is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Donald J. Farias is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Thomas H. Beach is alleged to have aided and abetted Tangoe, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Gary R. Martino is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Donald J. Farias is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Thomas H. Beach is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Gary R. Martino is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Donald J. Farias is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Thomas H. Beach is alleged to have aided and abetted Tangoe, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 04-Sep-2018
Headline Total Penalty and Disgorgement $1,500,000

Related Documents:

LR-24255 04-Sep-2018 Litigation Release
SEC Charges Telecommunications Expense Management Company with Accounting Fraud
On September 4, 2018, the SEC issued a press release regarding charges against Tangoe, Inc., stating: "The Securities and Exchange Commission today charged a telecommunications expense management company for its use of fraudulent accounting practices that artificially boosted company revenues between 2013 and 2015."
comp24255 04-Sep-2018 Complaint
Complaint
On September 4, 2018, the SEC filed a complaint against Tangoe, Inc., stating: "This action involves misrepresentations in the publicly filed financial statements of Tangoe, Inc. ("Tangoe"), a historically Connecticut-based company whose stock was registered with the Commission and was publicly traded."
court_doc17_18-cv-01479 09-Oct-2018 Court Docket Document
Final Judgment as to Defendant Tangoe, Inc.
The Court stated: "The Securities and Exchange Commission having filed a complaint and defendant Tangoe Inc. having entered a general appearance; consented to the court's jurisdiction over the defendant and the subject matter of this action; consented to entry of this final judgment without admitting or denying the allegations of the complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this final judgment."

Other Defendants in Action:

Albert R. Subbloie
Gary R. Martino
Donald J. Farias
Thomas H. Beach