Defendant Name:
Terex Corporation
Defendant Type:
Public Company
SIC Code:
3531
CUSIP:
88077910
Document Reference:
comp21177
Document Details
Legal Case Name
SEC v. Terex Corporation
Document Name
Complaint
Document Date
12-Aug-2009
Document Format
Civil Proceeding
Case Number
09-CV-01281
Federal District Court
Connecticut, District of Connecticut
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On August 12, 2009, the Commission filed a claim against Terex Corporation ("Terex"). The Commission alleged that Terex aided and abetted "a fraudulent accounting scheme, involving two sale-leaseback transactions, carried out between 2000 and 2002 by United Rentals, Inc. ("URl") and two of its senior officers. In addition, Terex fraudulently misstated its own financial statements in connection with those transactions." In addition, the Commission alleged that Terex materially misstated its financial condition and operating results in filings with the Commission.