Defendant Name: Manitex International, Inc.

Defendant Type: Public Company

Document Reference: 2020-237

Document Details

Legal Case Name In the Matter of Manitex International, Inc.
Document Name SEC Charges Manitex International and Three Former Senior Executives with Accounting Fraud
Document Date 29-Sep-2020
Document Format Administrative Proceeding
File Number 3-20099
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC "announced settled charges against Manitex International, Inc., a Bridgeview, Illinois manufacturer and distributor of cranes, forklifts and heavy equipment, and three of its former senior executives for two accounting fraud schemes that resulted in the issuance of materially misstated financial statements."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

(Penalty was noted in document, but no amount was listed)

Related Documents:

33-10860 29-Sep-2020 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 Remedial Sanctions and a Cease-and-Desist Order
On September 29, 2020, the SEC instituted settled cease-and-desist proceedings against Manitex International, Inc. The Commission stated: "This matter involves financial and accounting fraud by senior officers and employees at Manitex, a publicly-traded company that manufactures and distributes cranes, forklifts and other heavy equipment and machinery. During downturns in Manitex’s business, certain of Manitex’s officers and employees engaged in two distinct, fraudulent schemes involving the use of related party entities to engage in fraudulent accounting practices."

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