Ami Egerstrom

Sep 27, 2024 | jdsupra.com | Ami Egerstrom |Rebecca Fike |Stefanie Jackson

On September 16, 2024, the United States Securities and Exchange Commission (“SEC” or the “Commission”) brought charges against Kubient, Inc.’s (“Kubient”) former chairman and chief executive officer (“CEO”) for allegedly fabricating reports that the company had successfully tested its AI-supported software program, causing the company to overstate and misrepresent its revenue in connection with two public stock offerings.1 While the charges against Paul Roberts, the former CEO are just the...