UPDATE 3-General Electric in $49 mln settlement over Petters fraud [Reuters]
General Electric Company (GE)
Last general electric company earnings: 4/30 04:02 pm
Check Earnings Report
US:NYSE Investor Relations:
ge.com/investor-relations/overview
Company Research
Source: Reuters
General Electric in $49 million settlement over Petters fraud | Reuters 3 Min Read (Reuters) - General Electric Co on Tuesday reached a $49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota businessman serving a 50-year prison term for running a multibillion-dollar Ponzi scheme. The settlement between GE and a trustee for two bankrupt Florida investment funds known as Palm Beach Finance, who was seeking $651 million, was filed with the federal bankruptcy court in West Palm Beach, Florida. Court approval is required. GE denied liability in agreeing to settle claims related to its General Electric Capital unit, one of Petters’ lenders. A spokeswoman, Jennifer Erickson, declined to comment. The accord removes a financial overhang for Boston-based GE, which is trying to cut costs while projecting lower 2019 cash flow and profitability from its core industrial operations. Petters, 61, was convicted in December 2009 on 20 counts includ
Show less
Read more
Impact Snapshot
Event Time:
GE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GE alerts
High impacting General Electric Company news events
Weekly update
A roundup of the hottest topics
GE
News
- ??????????????? - ??????????????????2026-2035? [CNET News]CNET News
- GE HealthCare CEO Peter Arduini is forging a new chapter for the $20 billion-a-year business while drawing on Jack Welch's legacy [Yahoo! Finance]Yahoo! Finance
- Scrapyard worker injured in the UPS plane crash dies on Christmas, raising deaths to 15 [CNN]CNN
- Scrapyard worker injured in the UPS plane crash dies on Christmas, raising deaths to 15 [CNN]CNN
- Is GE Aerospace (GE) Outperforming Other Aerospace Stocks This Year? [Yahoo! Finance]Yahoo! Finance
GE
Earnings
- 10/22/25 - Beat
GE
Sec Filings
- 12/18/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- GE's page on the SEC website