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Are Springing Penalties A Thing? SEC Charges Plug Power With Accounting, Reporting And Control Failures - Vimarsana News

Are Springing Penalties A Thing? SEC Charges Plug Power With Accounting, Reporting And Control Failures

, the provisions requiring ICFR and DCP. As noted above, Plug undertook to [f]ully remediate its material weakness in ICFR, and ineffective DCP, within one year; to publicly disclose, within one year,...

Are springing penalties a thing? SEC charges Plug Power with accounting, reporting and control failures | Cooley LLP - Vimarsana News

Are springing penalties a thing? SEC charges Plug Power with accounting, reporting and control failures | Cooley LLP

In this Order, the SEC brought settled charges against Plug Power, Inc., a provider of green hydrogen and hydrogen-fuel-cell solutions, for financial reporting, accounting and controls...