Defendant Name:
Comscore, Inc.
Defendant Type:
Public Company
Document Reference:
2019-186
Document Details
Legal Case Name
In the Matter of Comscore, Inc.
Document Name
SEC Charges Comscore Inc. and Former CEO with Accounting and Disclosure Fraud
Document Date
24-Sep-2019
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated that: "[It] charged global information
and media analytics firm, Comscore, Inc., and its former CEO with engaging in a fraudulent scheme to overstate
revenue by approximately $50 million and making false and misleading statements about key performance
metrics."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Related Documents:
33-10692
24-Sep-2019
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
On September 17, 2019, the SEC instituted settled cease and desist proceedings against Comscore, Inc. ("Comscore"). The SEC stated: "This matter concerns a financial accounting and disclosure fraud committed by Comscore, a publicly-traded data services and measurement company, principally through the conduct of its former Chief Executive Officer, Serge Matta ("Matta")."
34-97389
27-Apr-2023
Administrative Proceeding
Order Consolidating Fair Funds
The SEC ordered that the "Fair Funds created pursuant to the Orders are consolidated into a single Fair Fund, the Comscore Fair Fund, for purposes of distribution to harmed investors."
34-97467
10-May-2023
Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Miller Kaplan Arase LLP is appointed as the Tax Administrator for the QSF."
34-99246
27-Dec-2023
Administrative Proceeding
Order Appointing Fund Administrator, Setting Administrator's Bond Amount, and Authorizing Payment of Fees and Expenses
The SEC ordered that: "A. JND is appointed as the Fund Administrator . . . ;
B. JND shall obtain a bond . . . in the amount of $5,700,000.00;
C. the Fund Administrator will submit invoices to the Commission staff for services
rendered . . .; and
D. at the direction of an Assistant Director of the Office of Distributions, OFM is
authorized to pay the Fund Administrator’s fees and expenses from the Fair Fund, . . . so long as the total
amount paid to the Fund Administrator, including the invoice to be paid, does not
exceed the total amount of the approved cost proposal submitted by the Fund
Administrator."