Defendant Name:
Leaf Group Ltd.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Graham Holdings Company
SIC Code:
7313
CUSIP:
38463710
Document Reference:
34-93929
Document Details
Legal Case Name
In the Matter of Leaf Group, LTD.
Document Name
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
Document Date
07-Jan-2022
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On January 7, 2022, the SEC instituted settled cease-and-desist proceedings against Leaf Group LTD. stating: "During 2019 and 2020, Leaf did not adequately evaluate and disclose certain
material information regarding the independence of members of its board of directors, the
independence of board committees, and the existence of interlocking relationships between its
directors and executive officers. This resulted in material misstatements and omissions in certain of
its public filings. In connection with this conduct, Leaf violated Sections 13(a) and 14(a) of the
Exchange Act and Rules 12b-20, 13a-1, 13a-11, 13a-15(a), 14a-3, and 14a-9 thereunder."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$325,000.00
Shared:
