Defendant Name: Avaya Holdings Corp.

Defendant Type: Public Company

Document Reference: 2024-174_3-22269

Document Details

Legal Case Name In the Matter of Avaya Holdings Corp.
Document Name SEC Charges Four Companies with Misleading Cyber Disclosures
Document Date 22-Oct-2024
Document Format Administrative Proceeding
File Number 3-22269
Allegation Type Issuer Reporting and Disclosure
Document Summary On October 22, 2024, the SEC "charged four current and former former public companies -- Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited -- with making materially misleading disclosures regarding cybersecurity risks and intrusions."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $1,000,000.00 Shared:    

Related Documents:

33-11320 22-Oct-2024 Administrative Proceeding
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
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."