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SDNY Orders $430K Clawback from CFO for Fraudulently Recognizing Revenue

Author: Mas Harntha

SDNY Orders $430K Clawback from CFO for Fraudulently Recognizing Revenue

On January 26, 2024, a SDNY court granted partial summary judgment for the SEC in SEC v. Rosenberger, ordering the former CFO of Synchronoss Technologies Inc. to return about $430,000 in compensation to the company for fraudulently inflating the price of the company's stock by knowingly falsifying its publicly reported revenue.

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SDNY Orders $430K Clawback from CFO for Fraudulently Recognizing Revenue

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SDNY Orders $430K Clawback from CFO for Fraudulently Recognizing Revenue

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