Defendant Name: Manitex International, Inc.

Defendant Type: Public Company
SIC Code: 3537
CUSIP: 56342010

Initial Case Details

Legal Case Name In the Matter of Manitex International, Inc.
First Document Date 29-Sep-2020
Initial Filing Format Administrative Action
File Number 3-20099
Allegation Type Issuer Reporting and Disclosure
AAER 4177

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a) (Not specified)

Resolutions

First Resolution Date 29-Sep-2020
Headline Total Penalty and Disgorgement $350,000

Related Documents:

33-10860 29-Sep-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 29, 2020, the SEC instituted settled cease-and-desist proceedings against Manitex International, Inc. The Commission stated: "This matter involves financial and accounting fraud by senior officers and employees at Manitex, a publicly-traded company that manufactures and distributes cranes, forklifts and other heavy equipment and machinery. During downturns in Manitex’s business, certain of Manitex’s officers and employees engaged in two distinct, fraudulent schemes involving the use of related party entities to engage in fraudulent accounting practices."
2020-237 29-Sep-2020 Press Release--Administrative Proceeding
SEC Charges Manitex International and Three Former Senior Executives with Accounting Fraud
The SEC "announced settled charges against Manitex International, Inc., a Bridgeview, Illinois manufacturer and distributor of cranes, forklifts and heavy equipment, and three of its former senior executives for two accounting fraud schemes that resulted in the issuance of materially misstated financial statements."

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