Nikola Fined $125M for Investor Fraud

Electrical automobile maker Nikola has agreed to pay back $a hundred twenty five million to settle costs that it misled investors about important features of its organization, including its technological innovation and a partnership with Basic Motors. The settlement with the U.S. Securities and Exchange Fee arrived 5 months just […]

Ex-ProPetro CEO Fined Over Undisclosed Perks

Texas oilfield expert services agency ProPetro and previous CEO Dale Redman have settled charges that they understated his executive perks by failing to disclose ProPetro had reimbursed him for additional than $four hundred,000 in personalized and vacation costs. In accordance to the U.S. Securities and Exchange Fee, ProPetro did not […]

Healthcare Services Group Fined Over Accounting

Healthcare Providers Team has agreed to pay out $six million to settle prices that its CFO failed to record loss contingencies from legal liabilities to inflate its earnings. In accordance to the U.S. Securities and Exchange Fee, the accounting violations resulted in HCSG’s earnings staying misstated for six quarters involving […]

Smithfield Fined for Failing to Protect Workers from COVID-19

The U.S. Office of Labor cited meat-processing giant Smithfield Packaged Meats for failing to safeguard personnel from exposure to the coronavirus. At minimum 1,294 Smithfield workers contracted coronavirus, and 4 personnel died from the virus in the spring. The Labor Department’s Occupational Security and Wellbeing Administration (OSHA) claimed the quotation adopted […]