Legal Issues
On August 4, 2009 the SEC fined General Electric $50 million for breaking accounting rules in two separate cases, misleading investors into believing GE would meet or beat earnings expectations.
GE has faced criminal action regarding its defense related operations. GE was convicted in 1990 of defrauding the US Department of Defense, and again in 1992 on charges of corrupt practices in the sale of jet engines to Israel.
Read more about this topic: General Electric
Famous quotes containing the words legal and/or issues:
“Hawkins: The will is not exactly in proper legal phraseology. Richard: No: my father died without the consolations of the law.”
—George Bernard Shaw (1856–1950)
“Cynicism formulates issues clearly, but only to dismiss them.”
—Mason Cooley (b. 1927)
Related Subjects
Related Phrases
Related Words