Defendant Name: United Continental Holdings, Inc.

Defendant Type: Public Company

Document Reference: 2016-253

Document Details

Legal Case Name In the Matter of United Continental Holdings, Inc.
Document Name United Settles Charges in Case of Flight Route to Benefit Public Official
Document Date 02-Dec-2016
Document Format Administrative Proceeding
File Number 3-17705
AAER 3833
Allegation Type Issuer Reporting and Disclosure
Document Summary On December 2, 2016, the SEC announced that the parent company of United Airlines, United Continental Holdings, Inc. ("United"), agreed to pay $2.4 million to settle charges in a case where shareholders wound up footing the bill so a public official could get more convenient flights.

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking

Related Documents:

34-79454 02-Dec-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 2, 2016, the SEC instituted settled proceedings against United Continental Holdings, Inc. According to the SEC: United violated "the books and records and internal accounting controls provisions of the Securities Exchange Act of 1934" by instituting "a flight route from Newark, New Jersey, to Columbia, South Carolina, that was projected to lose money."