Defendant Name:
Avaya Holdings Corp.
Defendant Type:
Public Company
SIC Code:
3661
CUSIP:
05351X10
Document Reference:
33-11320
Document Details
Legal Case Name
In the Matter of Avaya Holdings Corp.
Document Name
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 a Cease-and-Desist Order
Document Date
22-Oct-2024
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On October 22, 2024, the SEC instituted settled cease-and-desist proceedings against Avaya Holdings Corp., stating: "This matter concerns materially misleading statements that Avaya, a global provider of digital communications products and services, negligently made to investors regarding a significant cybersecurity incident that Avaya had experienced."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$1,000,000.00
Shared:
