Defendant Name:
Fiat Chrysler Automobiles N.V.
Defendant Type:
Public Company
SIC Code:
3711
CUSIP:
N3173810
Initial Case Details
Legal Case Name
In the Matter of Fiat Chrysler Automobiles N.V.
First Document Date
28-Sep-2020
Initial Filing Format
Administrative Action
File Number
3-20092
Allegation Type
Issuer Reporting and Disclosure
Violations Alleged
•
Rule 13a-16 Exchange Act
Resolutions
First Resolution Date
28-Sep-2020
Headline Total Penalty and Disgorgement
$9,500,000
Related Documents:
34-90031
28-Sep-2020
Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On September 28, 2020, the SEC instituted settled cease-and-desist proceedings against Fiat Chrysler Automobiles N.V. The Commission stated: "This matter involves disclosure violations by FCA concerning its public descriptions in early 2016 of an internal inquiry of the emissions control systems of certain of its light-duty diesel vehicles in the wake of the Volkswagen AG ("VW") "Dieselgate" scandal."
2020-230
28-Sep-2020
Press Release--Administrative Proceeding
Fiat Chrysler Agrees to Pay $9.5 Million Penalty for Disclosure Violations
The SEC stated: "Fiat Chrysler Automobiles N.V., a London-based public company that sells vehicles through its Michigan-based subsidiary, agreed to settle charges that it made misleading disclosures about an internal audit of its emissions control systems."
34-90576
07-Dec-2020
Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until September 30, 2021 to submit a Proposed Plan of Distribution is granted."
34-91572
15-Apr-2021
Administrative Proceeding
Order Appointing Fund Administrator and Setting Bond Amount
The SEC stated: "IT IS HEREBY ORDERED that Analytics is appointed as the fund
administrator . . . and shall obtain a bond . . . in the amount of $9,500,000.00."
34-91571
15-Apr-2021
Administrative Proceeding
Order Appointing Tax Administrator
The SEC stated: "IT IS ORDERED that Miller Kaplan . . . is appointed the Tax Administrator for the QSF in the above-referenced proceeding."
34-93106
23-Sep-2021
Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity For Comment
The SEC stated: "Notice is hereby given . . . that the Division of Enforcement has submitted to the Commission a
proposed plan of distribution (the “Proposed Plan”) for the distribution of monies paid in the above-captioned matter."
Proposed Plan of Distribution
The SEC stated: "The Division of Enforcement submits this Proposed Plan of Distribution (the
“Plan”) to the United States Securities and Exchange Commission (the “Commission”) . . . the Plan
provides for the distribution of a Fair Fund (the “Fair Fund”), comprised of civil money penalties
paid by Fiat Chrysler Automobiles N.V. (“FCA” or “Respondent”) in the above-captioned matter to investors who were harmed in connection with disclosure violations concerning the
Respondent’s public descriptions in early 2016 of an internal inquiry of the emissions control
systems in certain of its light-duty diesel vehicles in the wake of the Volkswagen AG (“VW”)
“Dieselgate” scandal, pursuant to the Plan of Allocation."
34-93663
23-Nov-2021
Administrative Proceeding
Order Approving Plan of Distribution
The Commission ordered that: "the Proposed Plan is approved."
Plan of Distribution
The Commission stated: "The Plan has been approved by the Commission, and the Commission retains jurisdiction over its implementation."
34-98417
18-Sep-2023
Administrative Proceeding
Order Directing Disbursement of Fair Fund
The SEC ordered that: "Commission staff shall transfer
$39,552,652.62 from the Fair Fund to the Fair Fund's escrow account at The Huntington
National Bank, N.A., and the Fund Administrator shall distribute such monies to the eligible
claimant in accordance with the Plan."
