SEC Targets Corporation and Its General Counsel For Allegedly Failing to Properly Disclose or Record an Accrual for a Loss Contingency Due to a False Claims Act Investigation

On September 9, 2016, the Securities and Exchange Commission filed in U.S. District Court for the District of Columbia a civil lawsuit against a government contractor, RPM International, Inc., and its General Counsel, alleging they had failed timely to disclose a loss contingency and record an accrual for a DOJ FCA investigation that the company ultimately settled for $60.9 million.