Defendant Name:
Unisys Corporation
Defendant Type:
Public Company
SIC Code:
7373
CUSIP:
90921430
Document Reference:
33-11323
Document Details
Legal Case Name
In the Matter of Unisys Corporation
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 Unisys Corporation, stating: "This matter concerns materially misleading statements that Unisys, a global provider of technical and enterprise information technology (“IT”) services and solutions to large commercial enterprises and public sector entities, including global non-profit organizations, foreign, state, and local governments, and, for a period, the U.S. government, negligently made regarding cybersecurity risks and events, as well as Unisys’s violations of disclosure controls and procedures requirements."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$4,000,000.00
Shared:
