Defendant Name:
Desarrolladora Homex S.A.B. de C.V
Defendant Type:
Public Company
Document Reference:
LR-23765
Document Details
Legal Case Name
SEC v . Desarrolladora Homex S.A.B. de C.V.
Document Name
SEC Charges Mexico-Based
Homebuilder In $3.3 Billion Accounting
Document Date
03-Mar-2017
Document Format
Civil Proceeding
Case Number
17-cv-00432
Federal District Court
California, Southern District of California
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On March 3, 2017 in a litigation release, the SEC announced that Mexico-based homebuilding company Desarrolladora Homex S.A.B. de C.V. has agreed to settle charges. According to the SEC: allegedly, "Homex, one of the largest homebuilders in Mexico at the time, inflated the number of homes sold during the three year period by approximately 317 percent and overstated its revenue by 355 percent
(approximately $3.3 billion)."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
