Defendant Name:
Raytheon Corporation
Defendant Type:
Public Company
SIC Code:
3812
CUSIP:
75511150
Document Reference:
2010-109
Document Details
Legal Case Name
SEC v. Raytheon Company, Daniel P. Burnham, and Aldo R. Servello
Document Name
SEC Announces $13.9 Million Fair Fund Distribution to Harmed Investors in Raytheon Financial Fraud Settlement Today
Document Date
25-Jun-2010
Document Format
Civil Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On June 25, 2010, the SEC announced the distribution today of approximately $13.9 million to nearly 57,000 investors in connection with Raytheon Corporation ("Raytheon") financial fraud settlements. The Fair Fund was created after Raytheon agreed to pay approximately $12 million in penalties and disgorgement to settle SEC charges in 2006 that it defrauded investors by making false and misleading disclosures and using improper accounting practices. Additionally, the proceeds from settlements with five former Raytheon officers were added to the Fair Fund.
Disgorgement & Penalty Information
Monetary Penalties:
Disgorgement
(Penalty was noted in document, but no amount was listed)
Civil Penalty
(Penalty was noted in document, but no amount was listed)
Total Penalty
Individual:
$12,000,000.00
Shared:
Other Defendants in Action:
