Defendant Name:
The Lovesac Company
Defendant Type:
Public Company
Document Reference:
LR-26166
Document Details
Legal Case Name
SEC v. Donna Dellomo, Yoon Um, and The Lovesac Company
Document Name
SEC Charges Furniture Company and Two Former Executives with Accounting Violations
Document Date
29-Oct-2024
Document Format
Civil Proceeding
Case Number
24-cv-01727
Federal District Court
Connecticut, District of Connecticut
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On October 29, 2024, the SEC stated "that it filed charges against Connecticut-based publicly traded furniture retailer The Lovesac Company, Donna Dellomo, CPA, Lovesac’s former CFO, and YoonUm, CPA, Lovesac’s former controller, for accounting violations in connection with expenses Lovesac incurred shipping its furniture to customers. Lovesac has agreed to a settlement to resolve the claims against it by, among other things, paying a civil penalty of $1.5 million."
Disgorgement & Penalty Information
Monetary Penalties:
Civil Penalty
Individual:
$1,500,000.00
Shared:
Other Defendants in Action:
