Defendant Name:
VMware, Inc.
Defendant Type:
Public Company
Document Reference:
2022-160
Document Details
Legal Case Name
In the Matter of VMWare, Inc.
Document Name
SEC Charges VMWare with Misleading Investors by Obscuring Financial Performance
Document Date
12-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated that: "[It] charged VMware Inc. for
misleading investors about its order backlog management practices, which enabled the Palo Alto, California-based
technology company to push revenue into future quarters by delaying product deliveries to customers, concealing
the company’s slowing performance relative to its projections."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$8,000,000.00
Shared: