Defendant Name:
Sunrise Senior Living, Inc.
Defendant Type:
Public Company
Document Reference:
LR-21600
Document Details
Legal Case Name
SEC v. Sunrise Senior Living, Inc., et al.
Document Name
SEC Brings Settled Civil Charges against Sunrise Senior Living, Inc. and Two Former Company Officers, Larry E. Hulse and Kenneth J. Abod. Sunrise and Hules Agree to Injunctions and Hulse Agrees to Pay $164,933 in Penalties, Disgorgement, and Prejudgment Interest.
Document Date
23-Jul-2010
Document Format
Civil Proceeding
Case Number
10-cv-01247
Federal District Court
District of Columbia, District of Columbia
AAER
3157
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On July 23, 2010 the SEC published a litigation release announcing that it filed a settled civil action against Sunrise Senior Living, Inc. and two former company officers. According to the SEC: "The commission's complaint alleges that Sunrise engaged in financial reporting fraud during the relevant period from 2003 through 2005, by making improper adjustments to its reserve for self-insured health and dental benefits and its accrual for corporate bonuses to meet public earnings forecasts."
Disgorgement & Penalty Information
Other Defendants in Action:
