Defendant Name: Revolution Lighting Technologies, Inc.

Defendant Type: Public Company

Document Reference: court_doc8_20-cv-01440

Document Details

Legal Case Name SEC v. Revolution Lighting Technologies, Inc., Robert LaPenta, James DePalma, Daniel O'Neal, and Allen Garner
Document Name Final Judgment as to Defendant Revolution Lighting Technologies, Inc.
Document Date 09-Oct-2020
Document Format Civil Proceeding
Case Number 20-cv-01440
Federal District Court Connecticut, District of Connecticut
Federal District Judge Charles S. Haight, Jr.
Allegation Type Issuer Reporting and Disclosure
Document Summary On October 9, 2020, the SEC issued a final judgment as to Defendant Revolution Lighting Technologies, Inc. stating: "Defendant . . . consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Monetary Penalties:

Civil Penalty

Individual:     $1,250,000.00 Shared:    

Related Documents:

comp-pr2020-221 24-Sep-2020 Complaint
Complaint
The SEC stated: "Between the end of 2014 and mid-2018, Revolution and Revolution executives LaPenta, DePalma, Garner, and O'Neal falsely inflated the amount of revenue Revolution reported. Revolution published these inflated revenues in financial reports it filed with the Commission, made available to the investing public, and incorporated into a public stock offering. The inflated revenues were also included in public statements by Revolution and its executives. By doing so, Defendants misled investors and potential investors in Revolution by making it appear that the company was selling more lighting products, and making more revenue, than it actually was."
LR-24915 24-Sep-2020 Litigation Release
SEC Charges Lighting Products Company and Four Executives with Accounting Violations
The SEC stated that: "[It] charged Connecticut-based Revolution Lighting Technologies, Inc., for an accounting fraud that falsely inflated its reported revenues over a four-year period."
220-221 24-Sep-2020 Press Release--Civil Action
SEC Charges Lighting Products Company and Four Executives with Accounting Violations
The SEC stated that: "[It] charged Connecticut-based Revolution Lighting Technologies Inc. for an accounting fraud that falsely inflated its reported revenues over a four-year period."

Related Actions:

In the Matter of James DePalma, CPA
In the Matter of Daniel O'Neal
In the Matter of Allen Garner
In the Matter of RSM US LLP
In the Matter of Steven Kirn, CPA, Michael Piqueira, CPA, and Richard Condon, CPA