Defendant Name: Hill International, Inc.

Defendant Type: Public Company
SIC Code: 8711
CUSIP: 43146610

Initial Case Details

Legal Case Name SEC v. Hill International, Inc. and Ronald Emma
First Document Date 16-Jan-2020
Initial Filing Format Civil Proceeding
Case Number 20-cv-00447
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
• 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)(2)
• Sec 17(a)(3)
Additionally, Ronald Emma is alleged to have aided and abetted Hill International, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Ronald Emma is alleged to have aided and abetted Hill International, Inc.'s violation of Sec 13(a) of the Exchange Act.
Ronald Emma is alleged to have aided and abetted Hill International, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Ronald Emma is alleged to have aided and abetted Hill International, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Ronald Emma is alleged to have aided and abetted Hill International, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Ronald Emma is alleged to have aided and abetted Hill International, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Ronald Emma is alleged to have aided and abetted Hill International, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 17-Jan-2020
Headline Total Penalty and Disgorgement $500,000

Related Documents:

comp24720 16-Jan-2020 Complaint
Complaint
The SEC stated: "This action concerns accounting fraud and disclosure violations at Hill arising from repeated reporting errors and a failure to maintain accurate books and records. This misconduct led Hill to issue materially false and misleading financial statements from approximately May 2014 to March 2017."
LR-24720 17-Jan-2020 Litigation Release
SEC Charges Construction Management Consulting Company and Former Employees with Accounting Fraud
The SEC stated that: "[It] charged Hill International, Inc., a Pennsylvania-based construction management consulting company, and two of its former executives for engaging in fraudulent accounting practices and failing to maintain accurate books and records, which led Hill to artificially boost net earnings from approximately May 2014 to March 2017. The company and its former Chief Accounting Officer, Ronald Emma, have agreed to settlements to resolve the claims."
court_doc29_20-cv-00447 03-Feb-2020 Court Docket Document
Final Judgment as to Defendant Hill International, Inc.
The Court issued a final judgment as to Defendant Hill International, Inc., stating: "Defendant Hill International, Inc. ("Defendant") . . . 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."

Other Defendants in Action:

Ronald Emma

Related Actions:

In the Matter of Ronald Emma, CPA
Ronald Emma
SEC v. Nicholas Tornello
Nicholas Tornello
In the Matter of Nicholas Tornello, CPA
Nicholas Tornello