Defendant Name:
Terex Corporation
Defendant Type:
Public Company
SIC Code:
3531
CUSIP:
88077910
Initial Case Details
Legal Case Name
SEC v. Terex Corporation
First Document Date
12-Aug-2009
Initial Filing Format
Civil Proceeding
Case Number
09-CV-01281
Allegation Type
Issuer Reporting and Disclosure
Federal District Court
Connecticut, District of Connecticut
Violations Alleged
•
Sec 17(a) (Not specified)
Related Violations Alleged
Terex Corporation is alleged to have aided and abetted Any Person's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted United Rentals, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act (willfully/knowingly).
Terex Corporation is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted Any Person's violation of Rule 12b-20 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 12b-20 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted Any Person's violation of Sec 13(a) of the Exchange Act.
Terex Corporation is alleged to have aided and abetted United Rentals, Inc.'s violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Terex Corporation is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(a) of the Exchange Act.
Terex Corporation is alleged to have aided and abetted Any Person's violation of Rule 13a-1 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted United Rentals, Inc.'s violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Terex Corporation is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-1 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted Any Person's violation of Rule 13a-13 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-13 of the Exchange Act.
Terex Corporation is alleged to have aided and abetted Any Person's violation of Sec 13(b)(2)(A) of the Exchange Act.
Terex Corporation is alleged to have aided and abetted United Rentals, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).
Terex Corporation is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(A) of the Exchange Act.
Terex Corporation is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(B) of the Exchange Act.
Resolutions
First Resolution Date
12-Aug-2009
Headline Total Penalty and Disgorgement
$8,000,001
Related Documents:
SEC Charges Terex Corporation With Accounting Fraud
On August 12, 2009, the SEC announced accounting fraud charges against Terex Corporation for making material misstatements in its own financial reports to investors, as well as aiding and abetting a fraudulent accounting scheme at United Rentals, Inc. (URI), another Connecticut-based public company. Terex Corporation agreed to settle the Commission's action.
Complaint
On August 12, 2009, the Commission filed a claim against Terex Corporation ("Terex"). The Commission alleged that Terex aided and abetted "a fraudulent accounting scheme, involving two sale-leaseback transactions, carried out between 2000 and 2002 by United Rentals, Inc. ("URl") and two of its senior officers. In addition, Terex fraudulently misstated its own financial statements in connection with those transactions." In addition, the Commission alleged that Terex materially misstated its financial condition and operating results in filings with the Commission.
2009-183
12-Aug-2009
Press Release--Civil Action
SEC Charges Terex Corporation With Accounting Fraud
On August 12, 2009, the SEC announced accounting fraud charges against Terex Corporation "for making material misstatements in its own financial reports to investors, as well as aiding and abetting a fraudulent accounting scheme at United Rentals, Inc. (URI), another Connecticut-based public company. "Terex Corporation agreed to settle the Commission's action.
Final Judgment as to Defendant Terex Corporation
The Court stated: "The Securities and Exchange Commission having filed a Complaint and Defendant, Terex Corporation, having entered a general appearance; consented to the Court's jurisdiction over 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"
