Defendant Name: United Continental Holdings, Inc.

Defendant Type: Public Company
SIC Code: 4512
CUSIP: 91004710

Initial Case Details

Legal Case Name In the Matter of United Continental Holdings, Inc.
First Document Date 02-Dec-2016
Initial Filing Format Administrative Action
File Number 3-17705
Allegation Type Issuer Reporting and Disclosure
AAER 3833

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 02-Dec-2016
Headline Total Penalty and Disgorgement $2,400,000

Related Documents:

2016-253 02-Dec-2016 Press Release--Administrative Proceeding
United Settles Charges in Case of Flight Route to Benefit Public Official
On December 2, 2016, the SEC announced that the parent company of United Airlines, United Continental Holdings, Inc. ("United"), agreed to pay $2.4 million to settle charges in a case where shareholders wound up footing the bill so a public official could get more convenient flights.
34-79454 02-Dec-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 2, 2016, the SEC instituted settled proceedings against United Continental Holdings, Inc. According to the SEC: United violated "the books and records and internal accounting controls provisions of the Securities Exchange Act of 1934" by instituting "a flight route from Newark, New Jersey, to Columbia, South Carolina, that was projected to lose money."