GE opens claims process to compensate harmed investors


General Electric Co. GE, +0.96% said Tuesday that it has opened the claims process for the GE Fair Fund, which was established to compensate investors “harmed” by GE’s failure to disclose “material” information related to the power and insurance businesses. The industrial conglomerate said the Fund was established by the Securities and Exchange Commission to distribute $200 million in civil penalties GE paid to the SEC. The Fund will compensate certain investors who bought GE stock between Oct. 16, 2015 and Jan. 16, 2018. GE’s stock had tumbled 37.2% during that time, while the S&P 500 SPX, +2.45% rallied 36.5%.

This article was originally published by Read the original article here.

Previous article: Supply chain problems persist heading into the back-to-school season, and the solutions give rise to a new set of risks
Next articleCoronavirus Update: U.S. opens vaccination to children as young as 6 months


Please enter your comment!
Please enter your name here