Defendant Name: Check Point Software Technologies Ltd.

Defendant Type: Public Company
SIC Code: 7370
CUSIP: M2246510

Initial Case Details

Legal Case Name In the Matter of Check Point Software Technologies Ltd.
First Document Date 22-Oct-2024
Initial Filing Format Administrative Action
File Number 3-22270
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 22-Oct-2024
Headline Total Penalty and Disgorgement $995,000

Related Documents:

33-11321 22-Oct-2024 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 a Cease-and-Desist Order
On October 22, 2024, the SEC instituted settled cease-and-desist proceedings against Check Point Software Technologies Ltd., stating "This matter concerns materially misleading statements that Check Point, a provider of products and services for information technology ("IT") security, negligently made to investors about Check Point's cybersecurity risks."
2024-174_3-22270 22-Oct-2024 Press Release--Administrative Proceeding
SEC Charges Four Companies with Misleading Cyber Disclosures
On October 22, 2024, the SEC "charged four current and former former public companies -- Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited -- with making materially misleading disclosures regarding cybersecurity risks and intrusions."