Defendant Name: Endurance International Group Holdings, Inc.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 29272B10

Document Reference: 33-10504-s

Document Details

Legal Case Name In the Matter of Constant Contact, Inc. and Endurance International Group Holdings, Inc.
Document Name SEC Charges Online Marketing Company for Inflating Subscriber Numbers
Document Date 05-Jun-2018
Document Format Administrative Proceeding
File Number 3-18531
Allegation Type Issuer Reporting and Disclosure
Document Summary According to the SEC: "The Securities and Exchange Commission announced findings today that a Massachusetts-based online marketing company fraudulently inflated subscriber counts and revenue per subscriber numbers. The company, Endurance International Group Holdings Inc., agreed to pay an $8 million penalty to settle the charges."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $8,000,000.00 Shared:    

Related Documents:

33-10504 05-Jun-2018 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
According to the SEC: "This case involves two Massachusetts-based public companies, Constant Contact and Endurance. During the period from October 2013 through July 2015 (the "Relevant Period"), the companies were in the business of offering web hosting and online and email marketing products principally to small- and medium-sized businesses. . . During the Relevant Period, both companies disclosed and reported their subscriber or customer metrics to the investing public, including through their required quarterly and annual filings with the Commission. At times during the Relevant Period, each company made material misrepresentations about their subscriber or customer metrics and the growth they had experienced in those metrics."

Other Defendants in Action:

Constant Contact, Inc.

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