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Violation Tracker Individual Record

Company: Forstmann Little & Co.
Penalty: $16,200,000
Year: 2004
Date: September 20, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Frostman Little & Co. agreed to pay $15 million and return $1.2 million in settlement of allegations it breached its contract with the state pension fund by making investments that were not consistent with its contractual obligations, leading to the loss of $125 million.
Level of Government: state
Action Type: agency action
Agency: Connecticut Attorney General
Civil or Criminal Case: civil
Facility State: Connecticut
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.