Defendant Name: Entergy Corporation

Defendant Type: Public Company
SIC Code: 4911
CUSIP: 29364G10

Document Reference: comp-pr2024-206

Document Details

Legal Case Name SEC v. Entergy Corporation
Document Name Complaint
Document Date 20-Dec-2024
Document Format Civil Proceeding
Case Number 24-cv-03554
Federal District Court District of Columbia, District of Columbia
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission stated: "This case involves Entergy’s violations of the internal accounting controls and books and records provisions of the federal securities laws relating to its materials and supplies asset in its financial statements."

Related Documents:

2024-206 20-Dec-2024 Press Release--Civil Action
SEC Charges Utility Company Entergy Corp. with Internal Accounting Controls Violations; Company Agrees to Pay $12 Million in Penalties and Adopt Independent Consultant's Recommended Improvements
On December 20, 2024, the SEC "announced that Entergy Corporation, a Louisiana-based utility company, agreed to pay a $12 million civil penalty to settle charges that it failed to maintain internal accounting controls to ensure that its surplus materials and supplies were accurately recorded in its books and financial statements in accordance with generally accepted accounting principles (GAAP)."
court_doc3_24-cv-03554 02-Jan-2025 Court Docket Document
Final Judgement as to Defendant Entergy Corporation
On January 2, 2025, the Court issued a final judgment against defendant Entergy Corporation, stating: "Defendant Entergy Corporation having entered a general appearance; consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."