Defendant Name: Nicor, Inc.

Defendant Type: Public Company
SIC Code: 4924
CUSIP: 65408610

Initial Case Details

Legal Case Name SEC v. Nicor Inc. and Jeffrey L. Metz
First Document Date 29-Mar-2007
Initial Filing Format Civil Proceeding
Case Number 07-cv-01739
Allegation Type Issuer Reporting and Disclosure
Federal District Court Illinois, Northern District of Illinois

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
Securities Act
• Sec 17(a)(1)
• Sec 17(a)(2)
• Sec 17(a)(3)
• Sec 17(a) (Not specified)
Additionally, Jeffrey L. Metz is alleged to have aided and abetted Nicor, Inc.'s violation of Rule 12b-20 of the Exchange Act (willfully/knowingly).
Jeffrey L. Metz is alleged to have aided and abetted Nicor, Inc.'s violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Jeffrey L. Metz is alleged to have aided and abetted Nicor, Inc.'s violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Jeffrey L. Metz is alleged to have aided and abetted Nicor, Inc.'s violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).

Resolutions

First Resolution Date 30-Apr-2007
Headline Total Penalty and Disgorgement $10,060,052

Related Documents:

complaint_07-cv-01739 29-Mar-2007 Complaint
Complaint
In the Complaint, the SEC alleged that: "Between 1999 and 2002, defendant Nicor, Inc. ('Nicor') engaged in improper transactions, made material misrepresentations and failed to disclose material information regarding its gas inventory layers in order to meet earnings targets and to increase its revenues under a performance-based rate plan administered by the Illinois Commerce Commission. This conduct violated the antifraud and reporting provisions of the federal securities laws. During this time, Jeffrey L. Metz ('Metz') was Assistant Vice President and Controller of Nicor and violated and/or aided and abetted Nicor's violations of these same federal securities laws."
court_doc9_07-cv-01739 30-Apr-2007 Court Docket Document
Final Judgment as to Defendant Nicor Inc.
On April 30, 2007, federal district judge Harry D. Leinenweber entered final judgment against Nicor Inc. pursuant to the SEC and Nicor Inc's consent.
LR-21391 22-Jan-2010 Litigation Release
SEC Distributes More Than $10 Million To More Than 7,000 Investors Injured in Financial Fraud
On January 22, 2010, the SEC published a litigation release regarding this case, announcing that it distributed: "more than $10 million to more than 7,000 investors injured in financial fraud."

Other Defendants in Action:

Jeffrey L. Metz

Related Actions:

SEC v. Thomas Fisher, Kathleen Halloran, and George Behrens
Kathleen Halloran
George Behrens
Thomas Fisher