Defendant Name: Raytheon Corporation

Defendant Type: Public Company

Document Reference: court_doc11_06-cv-01182

Document Details

Legal Case Name SEC v. Raytheon Company, Daniel P. Burnham, and Aldo R. Servello
Document Name Final Judgment as to Defendant Raytheon Company
Document Date 23-Aug-2006
Document Format Civil Proceeding
Case Number 06-cv-01182
Federal District Court District of Columbia, District of Columbia
Federal District Judge Gladys Kessler
Allegation Type Issuer Reporting and Disclosure
Document Summary On August 23, 2006, the Court entered final judgment, ordering Raytheon Company to "pay disgorgement of $1.00 and a civil penalty in the amount of $12 million."

Disgorgement & Penalty Information

Resolutions
None Specified
Monetary Penalties:

Disgorgement

Individual:     $1.00 Shared:    

Civil Penalty

Individual:     $12,000,000.00 Shared:    

Related Documents:

complaint_06-cv-01182 28-Jun-2006 Complaint
Complaint
The SEC stated: "Between 1997 and 2001, Raytheon Company and certain members of its senior management ("Raytheon" or the "company") made false and misleading disclosures and used improper accounting practices that operated as a fraud by masking the declining results and deteriorating business of Raytheon Aircraft Company ("RAC") and inaccurately reporting the company's operating results on both a segmented and consolidated basis"
2010-109 25-Jun-2010 Press Release--Civil Action
SEC Announces $13.9 Million Fair Fund Distribution to Harmed Investors in Raytheon Financial Fraud Settlement Today
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.

Other Defendants in Action:

Daniel P. Burnham
Aldo R. Servello