Defendant Name: Andeavor LLC

Defendant Type: Subsidiary of Public Company

Document Reference: 34-105753

Document Details

Legal Case Name In the Matter of Andeavor LLC
Document Name Order Appointing Fund Administrator, Setting Administrator's Bond Amount, and Authorizing the Approval and Payment of the Fees and Expenses of Administration
Document Date 23-Jun-2026
Document Format Administrative Proceeding
File Number 3-20125
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission ordered that: "A. Epiq is appointed as the Fund Administrator . . . ; B. Epiq shall obtain a bond . . . in the amount of $20,000,000.00; C. the Fund Administrator will submit invoices to the Commission staff for services rendered . . . ; and D. at the direction of an Assistant Director of the Office of Distributions, OFM is authorized to pay the Fund Administrator’s fees and expenses from the Fair Fund"

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
The Commission ordered that: "A. Epiq is appointed as the Fund Administrator . . . ; B. Epiq shall obtain a bond . . . in the amount of $20,000,000.00; C. the Fund Administrator will submit invoices to the Commission staff for services rendered . . . ; and D. at the direction of an Assistant Director of the Office of Distributions, OFM is authorized to pay the Fund Administrator’s fees and expenses from the Fair Fund"
Fair Funds
Monetary Penalties:

Civil Penalty

Individual:     $20,000,000.00 Shared:    

Related Documents:

34-90208 15-Oct-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On October 15, 2020, the SEC instituted settled cease-and-desist proceedings against Andeavor LLC. The SEC stated: "This matter involves Andeavor’s failure to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurance that stock buyback transactions were executed in accordance with management’s authorization."
2020-258 15-Oct-2020 Press Release--Administrative Proceeding
SEC Charges Andeavor for Inadequate Controls Around Authorization of Stock Buyback Plan
The SEC announced: "settled charges against Andeavor LLC for controls violations relating to a stock buyback plan it implemented while it was in discussions to be acquired by Marathon Petroleum Corp. in 2018. Andeavor agreed to pay a $20 million penalty to settle the charges."
34-100271 04-Jun-2024 Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Heffler, Radetich & Saitta, LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."