Defendant Name: Michael J. Nolan

Defendant Type: Individual

Initial Case Details

Legal Case Name SEC v. Michael J. Nolan
First Document Date 12-Dec-2007
Initial Filing Format Civil Proceeding
Case Number 07-cv-01833
Allegation Type Issuer Reporting and Disclosure
Federal District Court Connecticut, District of Connecticut

Affiliations

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Sec 13(b)(5)
Securities Act
• Sec 17(a) (Not specified)
Other
• Rules 13b2-1, 13b2-2 Exchange Act

Related Violations Alleged

Michael J. Nolan is alleged to have aided and abetted United Rentals, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Michael J. Nolan is alleged to have aided and abetted United Rentals, Inc.'s violation of Sec 13(a) of the Exchange Act.
Michael J. Nolan is alleged to have aided and abetted United Rentals, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Michael J. Nolan is alleged to have aided and abetted United Rentals, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Michael J. Nolan is alleged to have aided and abetted United Rentals, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Michael J. Nolan is alleged to have aided and abetted United Rentals, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Michael J. Nolan is alleged to have aided and abetted United Rentals, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

Bars:
First Resolution Date 08-Apr-2008
Headline Total Penalty and Disgorgement $3,142,000

Related Documents:

complaint_07-cv-01833 12-Dec-2007 Complaint
Complaint
The SEC stated: "From 2000 through 2002, Michael J. Nolan ("Nolan"), the former Chief Financial Officer of United Rentals, Inc. ("URI" or "the Company"), engaged in a series of fraudulent accounting schemes in order to meet the Company's earnings forecasts and analyst expectations, in violation of the federal securities laws."
court_doc13_07-cv-01833 08-Apr-2008 Court Docket Document
Judgment as to Defendant Michael J. Nolan
The Court stated: "It is hereby further ordered, adjudged, and decreed that defendant shall pay disgorgement of ill-gotten gains and prejudgment interest thereon. The Court shall determine the amounts of the disgorgement upon motion of the commission."
court_doc17_07-cv-01833 23-Jul-2012 Court Docket Document
Final Judgment as to Monetary Relief
The Court stated: "It is hereby ordered, adjudged, and decreed that defendant is liable for disgorgement of $1,860,000, representing profits gained as a result of the conduct alleged in the complaint, together with pre-judgment interest thereon in the amount of $1,282,000, for a total of $3,142,000."

Related Actions:

SEC v. Terex Corporation
Terex Corporation 
SEC v. United Rentals, Inc.
United Rentals, Inc.
SEC v. John N. Milne
John N. Milne
SEC v. Joseph F. Apuzzo
Joseph F. Apuzzo
In the Matter of Michael J. Nolan
Michael J. Nolan