Defendant Name: El Paso Corporation

Defendant Type: Public Company
SIC Code: 1311
CUSIP: 28336L10

Initial Case Details

Legal Case Name SEC v. El Paso Corporation, El Paso CGP Company LLC, El Paso Exploration & Production Co., Rodney D. Erskine, Randy L. Bartley, Steven L. Hochstein, John D. Perry and Bryan T. Simmons
First Document Date 11-Jul-2008
Initial Filing Format Civil Proceeding
Case Number 08-cv-02191
Allegation Type Issuer Reporting and Disclosure
Federal District Court Texas, Southern District of Texas

Violations Alleged

Exchange Act
• 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)(2)
Additionally, Rodney D. Erskine is alleged to have aided and abetted El Paso Corporation's violation of Rule 12b-20 of the Exchange Act.
Rodney D. Erskine is alleged to have aided and abetted El Paso Corporation's violation of Sec 13(a) of the Exchange Act.
Rodney D. Erskine is alleged to have aided and abetted El Paso Corporation's violation of Rule 13a-1 of the Exchange Act.
Rodney D. Erskine is alleged to have aided and abetted El Paso Corporation's violation of Rule 13a-13 of the Exchange Act.
Rodney D. Erskine is alleged to have aided and abetted El Paso Corporation's violation of Sec 13(b)(2)(A) of the Exchange Act.
Rodney D. Erskine is alleged to have aided and abetted El Paso Corporation's violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 11-Jul-2008

Related Documents:

LR-20642 11-Jul-2008 Litigation Release
SEC Settles Securities Fraud Case With El Paso Corporation, Its Subsidiaries, and Several Former Employees
On July 11, 2008, the SEC stated that: "[It] filed a civil action against El Paso Corporation (El Paso), its subsidiaries El Paso CGP Company LLC (CGP) and El Paso Exploration & Production Co. (EPPH), and several former employees alleging that they inflated, or participated in the inflation of, the companies' proved natural gas and oil reserves in violation of the federal securities laws."
comp20642 11-Jul-2008 Complaint
Complaint
The SEC stated: "Between 1998 and 2003, El Paso Corporation's ("El Paso's") oil and gas production subsidiaries, El Paso CGP Company LLC ("CGP") and El Paso Exploration and Production Co. ("EPPH"), materially overstated their proved oil and gas reserves under the Securities and Exchange Commission's ("Commission's") rules. In September 2004, El Paso restated its financial statements for the period from year end 1999 through September 30,2003."
court_doc7_08-cv-02191 28-Jul-2008 Court Docket Document
Final Judgment as to Defendant El Paso Corporation
The Court stated: "The Securities and Exchange Commission having filed a Complaint and Defendant El Paso Corporation ("Defendant") having entered a general appearance; consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Other Defendants in Action:

Rodney D. Erskine