Defendant Name:
Isilon Systems, Inc.
Defendant Type:
Public Company
Document Reference:
LR-21210
Document Details
Legal Case Name
SEC v. Isilon Systems, Inc.
Document Name
SEC Charges Former Isilon Systems CFO With Fraudulently Boosting Revenue
Document Date
14-Sep-2009
Document Format
Civil Proceeding
Case Number
09-cv-01293
Federal District Court
Washington, Western District of Washington
AAER
3050
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated that: "[It] filed securities fraud charges against Stuart W. Fuhlendorf, former Chief Financial Officer of Isilon Systems, Inc. On the heels of the Seattle-based electronic storage company's successful initial public offering (IPO), Fuhlendorf allegedly cut
secret side deals with Isilon customers to allow the company to report inflated sales to its shareholders . . . The SEC's complaints allege that Isilon improperly booked revenue on five
transactions."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Cooperation Before the Resolution