Defendant Name: United Parcel Service, Inc.

Defendant Type: Public Company

Document Reference: 34-106125-dp

Document Details

Legal Case Name In the Matter of United Parcel Service, Inc.
Document Name Plan of Distribution
Document Date 13-Aug-2026
Document Format Administrative Proceeding
File Number 3-22327
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission stated that: "[T]he Plan [of Distribution] seeks to compensate investors based on their losses, due to the misconduct of the Respondents, on shares of United Parcel Service Class A and Class B common stock . . . and certain United Parcel Service bonds purchased or acquired from October 22, 2019, the filing date of UPS's first misleading Form 8-K in which it did not comply with Generally Accepted Accounting Principles in disclosing or properly accounting for a goodwill impairment of one of its business units, through January 24, 2021 . . . In the view of the Commission staff and the Fund Administrator, the methodology detailed in the Plan of Allocation . . . constitutes a fair and reasonable allocation of the Fair Fund."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Fair Funds
Plan of Distribution
Monetary Penalties:

Civil Penalty

Individual:     $45,000,000.00 Shared:    

Related Documents:

33-11328 22-Nov-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 November 22, 2024, the SEC instituted settled cease-and-desist proceedings against United Parcel Service, Inc., stating: "This matter concerns UPS's failures to adhere to the basic accounting principle that the "fair value" of an asset is the price that would be received to sell that asset in an orderly transaction between market participants. These failures resulted in material misrepresentations to investors regarding its earnings and other reported items and activities."
2024-184 22-Nov-2024 Press Release--Administrative Proceeding
UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit
On November 22, 2024, the SEC "announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst performing businesses."
34-102365 06-Feb-2025 Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until January 27, 2026, to submit a Proposed Plan of Distribution is granted."
34-103342 27-Jun-2025 Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Miller Kaplan Arase LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."
34-104699 27-Jan-2026 Administrative Proceeding
Second Extension Order
The Commission ordered that: "the Division's request for an extension of time until June 18, 2026, to submit a Proposed Plan of Distribution is granted."
34-105545 22-May-2026 Administrative Proceeding
Order Appointing Fund Administrator, Setting Administrator's Bond Amount, and Authorizing the Approval and Payment of the Fees and Expenses of Administration
The Commission ordered that: "A. Epiq is appointed as the Fund Administrator . . . ; B. Epiq shall obtain a bond . . . in the amount of $45,000,000; C. the Fund Administrator will submit invoices to the Commission staff for services rendered . . . ; D. at the direction of an Assistant Director of the Office of Distributions, OFM is authorized to pay the Fund Administrator’s fees and expenses from the Fair Fund"
34-105730 18-Jun-2026 Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity for Comment
The Commission stated: "Notice is hereby given . . . that the Division of Enforcement has submitted to the Commission a proposed plan of distribution ("the Proposed Plan") for the distribution of monies paid in the above-captioned matter."
34-105730-pdp 18-Jun-2026 Administrative Proceeding
Proposed Plan of Distribution
The Commission stated: "The Division of Enforcement submits this Proposed Plan of Distribution (the "Plan") . . . the Plan seeks to compensate investors based on their losses, due to the misconduct of the Respondents, on shares of United Parcel Service Class A and Class B common stock (each an “Equity Security”) and certain United Parcel Service bonds (each a “Debt Security,” and the Equity Securities and Debt Securities collectively “Securities”) purchased or acquired from October 22, 2019, the filing date of UPS’s first misleading Form 8-K in which it did not comply with Generally Accepted Accounting Principles in disclosing or properly accounting for a goodwill impairment of one of its business units, through January 24, 2021,2 (the “Relevant Period”)."
34-106125 13-Aug-2026 Administrative Proceeding
Order Approving Plan of Distribution
The Commission ordered that: "[T]he Proposed Plan is approved, and the approved Plan of Distribution shall be posted simultaneously with this order on the Commission’s website at www.sec.gov."