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GE opens claims process to compensate harmed investors

0

General Electric Co.
GE,
-0.38%

said Tuesday that it has opened the claims process for the GE Fair Fund, which was established to compensate investors “harmed” by GE’s failure to disclose “material” information related to the power and insurance businesses. The industrial conglomerate said the Fund was established by the Securities and Exchange Commission to distribute $200 million in civil penalties GE paid to the SEC. The Fund will compensate certain investors who bought GE stock between Oct. 16, 2015 and Jan. 16, 2018. GE’s stock had tumbled 37.2% during that time, while the S&P 500
SPX,
+2.45%

rallied 36.5%.

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