Defendant Name: General Re Corporation

Defendant Type: Subsidiary of Public Company
Public Company Parent: Berkshire Hathaway Inc.
SIC Code: 6331
CUSIP: 08467010

Initial Case Details

Legal Case Name SEC v. General Re Corporation
First Document Date 20-Jan-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-00458
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Related Violations Alleged

General Re Corporation is alleged to have aided and abetted American International Group, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
General Re Corporation is alleged to have aided and abetted Prudential Financial, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
General Re Corporation is alleged to have aided and abetted American International Group, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
General Re Corporation is alleged to have aided and abetted Prudential Financial, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 20-Jan-2010

Related Documents:

comp21384 20-Jan-2010 Complaint
Complaint
On January 20, 2010, the SEC filed a complaint against General Re Corporation. According to the SEC: "This action arises from Gen Re's involvement in separate schemes with American International Group, Inc. ('AIG') and Prudential financial, Inc. ('Prudential') to use sham transactions to manipulate those companies' financial statements. Gen Re knowingly provided substantial assistance to both AIG and Prudential in connection with their own violations of the books and records and internal control provisions of the federal securities laws..."
LR-21384 20-Jan-2010 Litigation Release
SEC Charges General Re Corporation for Role in AIG and Prudential Accounting Frauds
On January 20, 2010, the SEC issued a litigation release announcing that it filed a settled complaint against General Re Corporation "for its involvement in separate schemes by American International Group and Prudential Financial, Inc. to manipulate and falsify their reported financial results."
2010-10 20-Jan-2010 Press Release--Civil Action
SEC Charges General Re Corporation for Role in AIG and Prudential Accounting Frauds
On January 20, 2010, the SEC charged General Re Corporation for its involvement in schemes by AIG and Prudential Financial, Inc. to manipulate and falsify their reported financial results. Among other allegations, the Commission asserts that a foreign subsidiary of Gen Re entered into two sham transactions with AIG in 2000 "to improperly allow AIG to reverse the declining reserve trend and falsely report additions to both loss reserves and premiums written."
court_doc3_10-cv-00458 25-Jan-2010 Court Docket Document
Final Judgment as to Defendant General Re Corporation
On January 19, 2010, Federal District Judge Loretta Preska entered final judgment against General Re Corporation pursuant to the consent of General Re Corporation.

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