Justice Department seeks $250 million penalty in KKR premerger case
The proposed settlement would resolve allegations that KKR repeatedly failed to comply with the Hart-Scott-Rodino premerger review process.
Enforcement
Labor Department says Tropical Grille paid $618,666 in back wages after wage, child labor probe
The Labor Department says it recovered $618,666 in back wages for 779 workers and assessed $100,000 in penalties after finding wage and child labor violations at Tropical Grille Restaurants in South Carolina.
FTC, Connecticut settle with Manchester City Nissan over fee allegations
The FTC and Connecticut said the dealership and its owners and managers will pay $4 million and change pricing practices after allegations involving certified pre-owned cars and hidden charges.
CFTC enters supplemental orders against Ellison and Wang in FTX case
The CFTC said supplemental consent orders entered in the Southern District of New York add cooperation duties and long-term bans for Caroline Ellison and Gary Wang.
FTC says Doxo will pay $2.1 million to settle deceptive billing claims
The FTC says Doxo will pay $2.1 million under a proposed order that would send the money to consumers after allegations of deceptive billing ads and charges.
SEC charges Adit Ventures, CEO and affiliates in alleged pre-IPO fund fraud
The SEC filed a complaint in federal court in New York alleging that Adit Ventures Management, CEO Eric Munson and three affiliated general partners misled investors, misused client assets and charged undisclosed fees.
SEC creates financial reporting and accounting enforcement unit
The SEC said it is forming a specialized Enforcement Division unit to pursue accounting and financial reporting fraud and related misconduct.