Defendant Name: Lumenis Ltd.

Defendant Type: Public Company
SIC Code: 5040
CUSIP: M6778Q10

Initial Case Details

Legal Case Name SEC v. Lumenis, Ltd., Sagi A. Genger, and Kevin Morano
First Document Date 26-Apr-2006
Initial Filing Format Civil Proceeding
Case Number 06-cv-03225
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

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) (Not specified)
Additionally, Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
Sagi A. Genger is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 12b-20 of the Exchange Act.
Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 12b-20 of the Exchange Act.
Sagi A. Genger is alleged to have aided and abetted Lumenis Ltd.'s violation of Sec 13(a) of the Exchange Act.
Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Sec 13(a) of the Exchange Act.
Sagi A. Genger is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 13a-1 of the Exchange Act.
Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 13a-1 of the Exchange Act.
Sagi A. Genger is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 13a-11 of the Exchange Act.
Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 13a-11 of the Exchange Act.
Sagi A. Genger is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 13a-13 of the Exchange Act.
Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Rule 13a-13 of the Exchange Act.
Sagi A. Genger is alleged to have aided and abetted Lumenis Ltd.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Sagi A. Genger is alleged to have aided and abetted Lumenis Ltd.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Kevin Morano is alleged to have aided and abetted Lumenis Ltd.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 02-May-2006

Related Documents:

court_doc1_06-cv-03225 26-Apr-2006 Complaint
Complaint
The SEC stated: "From at least late 2001 through early 2003 (the "Relevant Period"), Lumenis Ltd. ("Lumenis"), an Israeli corporation with executive offices in New York and whose stock is publicly traded in the United States, acting through senior officers, engaged in a fraudulent scheme to inflate revenues and misrepresent other important financial metrics so as to deceive investors as to the company's true financial condition. The scheme was orchestrated by Lumenis' former chief operating offices, Sagi Genger ("Genger"), and its former chief financial offices, Kevin Morano ("Morano")."
court_doc2_06-cv-03225 02-May-2006 Court Docket Document
Final Judgment as to Lumenis Ltd.
On May 2, 2006, the Court issued a final judgment as to Lumenis Ltd. stating: "Defendant Lumenis Ltd. ("Defendant" or "Lumenis") . . . consented to the entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived entry of findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Other Defendants in Action:

Sagi A. Genger
Kevin Morano

Related Actions:

In the Matter of Kevin Morano (CPA)
Kevin Morano (CPA)