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The DOJ’s Fraud Section 2020 Annual Review: Financial Enforcement Focused on Major Corporate Resolutions and Emerging COVID-19 Fraud Friday, March 12, 2021
On February 24, 2020, the DOJ’s Criminal Division Fraud Section published its annual year-end summary (available here). This post addresses white-collar and financial fraud enforcement activity by two Units of the DOJ’s Fraud Section: the Market Integrity and Major Frauds (MIMF) Unit and the Foreign Corrupt Practices Act (FCPA) Unit. Our previous post discussed health care enforcement by the Fraud Section’s Health Care Fraud Unit (available here).
For the MIMF Unit, COVID-19 fraud became an unexpected enforcement priority. And, even despite the pandemic, both the MIMF Unit and FCPA Unit obtained large corporate resolutions in 2020. Many of these resolutions share a common theme: the Fraud Section’s emphasis on corporate compliance.
What You Need to Know About Securities Litigation and Enforcement
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Secureworks Reports Fourth Quarter and Full Year Fiscal 2021 Results | Comunicados | Edición USA
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SecureWorks Corp.: Secureworks Reports Fourth Quarter and Full Year Fiscal 2021 Results
Key Highlights
Nearly 400 customers on cloud-native Secureworks Taegis platform, resulting in annual recurring revenue (ARR) growth for the product of 266 percent since the beginning of the fiscal year, 31 percent from the third quarter to fourth quarter of fiscal year 2021, to end fiscal year 2021 at $55 million.
Secureworks Taegis revenue totaled $32.1 million for fiscal year 2021.
Issuing Secureworks Taegis guidance of at least $150 million ARR by end of fiscal year 2022 and Taegis revenue of $90 to $100 million for fiscal year 2022.
Both GAAP and Non-GAAP full fiscal year 2021 gross margin up 6 percent over prior year.