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Company: General Re Corporation
Current Parent Company:
Berkshire Hathaway
Parent at the Time of the Penalty Announcement:
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Penalty: $12,200,000
Year: 2010
Date: January 20, 2010
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: General Re Corporation agreed to pay $12.2 million to settle SEC allegations regarding its involvement in separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify their reported financial results.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.