Defendant Name: Nicor, Inc.

Defendant Type: Public Company

Document Reference: court_doc9_07-cv-01739

Document Details

Legal Case Name SEC v. Nicor Inc. and Jeffrey L. Metz
Document Name Final Judgment as to Defendant Nicor Inc.
Document Date 30-Apr-2007
Document Format Civil Proceeding
Case Number 07-cv-01739
Federal District Court Illinois, Northern District of Illinois
Federal District Judge Harry D. Leinenweber
Allegation Type Issuer Reporting and Disclosure
Document Summary On April 30, 2007, federal district judge Harry D. Leinenweber entered final judgment against Nicor Inc. pursuant to the SEC and Nicor Inc's consent.

Disgorgement & Penalty Information

Resolutions
Enjoinment
Monetary Penalties:

Disgorgement

Individual:     $1.00 Shared:    

Civil Penalty

Individual:     $10,000,000.00 Shared:    

Related Documents:

complaint_07-cv-01739 29-Mar-2007 Complaint
Complaint
In the Complaint, the SEC alleged that: "Between 1999 and 2002, defendant Nicor, Inc. ('Nicor') engaged in improper transactions, made material misrepresentations and failed to disclose material information regarding its gas inventory layers in order to meet earnings targets and to increase its revenues under a performance-based rate plan administered by the Illinois Commerce Commission. This conduct violated the antifraud and reporting provisions of the federal securities laws. During this time, Jeffrey L. Metz ('Metz') was Assistant Vice President and Controller of Nicor and violated and/or aided and abetted Nicor's violations of these same federal securities laws."
LR-21391 22-Jan-2010 Litigation Release
SEC Distributes More Than $10 Million To More Than 7,000 Investors Injured in Financial Fraud
On January 22, 2010, the SEC published a litigation release regarding this case, announcing that it distributed: "more than $10 million to more than 7,000 investors injured in financial fraud."

Other Defendants in Action:

Jeffrey L. Metz

Related Actions:

SEC v. Thomas Fisher, Kathleen Halloran, and George Behrens
Kathleen Halloran
George Behrens
Thomas Fisher