Defendant Name:
BISYS Group
Defendant Type:
Public Company
Document Reference:
LR-22265
Document Details
Legal Case Name
SEC v. The BISYS Group, Inc.
Document Name
SEC Seeks Court Approval for Plan of Distribution in BISYS Financial Reporting Case
Document Date
22-Feb-2012
Document Format
Civil Proceeding
Case Number
07-cv-04010
Federal District Court
New York, Southern District of New York
Federal District Judge
Richard J. Sullivan
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On February 22, 2012, the SEC announced that it had filed a motion seeking "court approval of a plan to distribute the approximately $25 million available for distribution to investors harmed by the conduct" alleged in the case. Under the Distribution Plan, "the available funds will be distributed to shareholders who acquired and held BISYS stock during the period beginning on October 23, 2000 and ending on April 22, 2004."