SEC-PR-2024-77 (JUN. 25, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-77 Download: SEC-PR-2024-77 ⊗ (PDF) PRESS RELEASE | 2024-77 SEC Charges Meta Materials and Former CEOs With Market Manipulation, Fraud and Other Violations Washington D.C., June 25, 2024 — The Securities and Exchange Commission today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. […]
Category: Mergers & Acquisitions
Mergers & Acquisitions (M&A) involve transactions where companies combine assets, operations, and ownership structures through various strategies such as mergers, acquisitions, consolidations, or tender offers. While these activities are often conducted to create synergies, expand market reach, or enhance operational efficiency, they can also be susceptible to fraud. Fraud in M&A can manifest through several methods: inflated valuations where financial statements or assets are misrepresented to inflate the perceived value of the target company; insider trading where individuals with privileged information about the impending deal use it for personal financial gain; false disclosures or omissions of material information that mislead shareholders or regulatory bodies; and collusion between parties to manipulate stock prices or transaction terms. These fraudulent activities not only undermine the integrity of the M&A process but also expose companies and investors to significant financial and reputational risks, necessitating robust due diligence, transparency, and regulatory oversight to mitigate such risks effectively.
SEC-PR-2024-40 (MAR. 26, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-40 Download: SEC-PR-2024-40 ⊗ (PDF) PRESS RELEASE | 2024-40 SEC Charges Former Arista Networks Chairman Andy Bechtolsheim with Insider Trading Washington D.C., March 26, 2024 — The Securities and Exchange Commission today announced insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company […]
SEC-PR-2024-34 (MAR. 12, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-34 Download: SEC-PR-2024-34 (PDF) PRESS RELEASE | 2024-34 SEC Charges Tallgrass Energy’s Former Board Member Roy Cook and Four Others with Insider Trading in Advance of Blackstone Acquisition Washington D.C., March 12, 2024 — The Securities and Exchange Commission today announced insider trading charges against Roy Cook, a former board […]
FTC-PR-240307-1 (Mar. 7, 2024) XCL Resources Seeks FTC’s Prior Approval for Altamont Energy Acquisition – FTC invites public to comment on pending oil & gas acquisition The Federal Trade Commission is requesting public comment on an application from XCL Resources Holdings, LLC, a subsidiary of private equity firm EnCap Investment L.P., seeking prior approval from […]
SEC-PR-2024-30 (MAR. 1, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-30 Download: SEC-PR-2024-30 (PDF) PRESS RELEASE | 2024-30 SEC Charges Advisory Firm HG Vora for Disclosure Failures Ahead of Ryder Acquisition Bid. Washington D.C., March 1, 2024 — The Securities and Exchange Commission today announced settled charges against New York-based investment adviser HG Vora Capital Management LLC for its failure […]
FTC-PR-240226-1 (Feb. 26, 2024) FTC Challenges Kroger’s Acquisition of Albertsons – Largest supermarket merger in U.S. history will eliminate competition and raise grocery prices for millions of Americans, while harming tens of thousands of workers, FTC alleges The Federal Trade Commission today sued to block the largest proposed supermarket merger in U.S. history—Kroger Company’s $24.6 […]
SEC-PR-2024-24 (FEB. 22, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-24 Download: SEC-PR-2024-24 ⊗ (PDF) PRESS RELEASE | 2024-24 SEC Charges Husband of Energy Company Manager with Insider Trading. Spouse purchased stock using non-public information about the planned merger. Washington D.C., Feb. 22, 2024 — The Securities and Exchange Commission today charged Tyler Loudon of Houston, Texas, with insider trading […]
FTC-PR-240131-2 (Jan. 31, 2024) Statement Regarding the Termination of Amazon’s Proposed Acquisition of iRobot In response to the announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, Federal Trade Commission Associate Director for Merger Analysis Nathan Soderstrom issued the following statement: “We are pleased that Amazon and iRobot have abandoned their proposed […]
FTC-PR-240125-2 (Jan. 25, 2024) FTC Sues to Block Novant Health’s Acquisition of Two Hospitals from Community Health Systems – Proposed acquisition would eliminate competition, increase health care costs in North Carolina’s Eastern Lake Norman Area The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from […]
FTC-PR-240122-3 (Jan. 22, 2024) FTC Announces 2024 Update of Size of Transaction Thresholds for Premerger Notification Filings The Federal Trade Commission has approved revised jurisdictional thresholds and a revised filing fee schedule under the Hart‑Scott‑Rodino (HSR) Antitrust Improvements Act of 1976. Section 7A(a)(2) of the Act requires the Commission to revise the jurisdictional thresholds annually, […]