Ex-CFO of 'smart window' maker View settles with US SEC

Core Points - The former CFO of View, Vidul Prakash, settled a lawsuit with the SEC regarding negligence in financial reporting related to defective "smart windows" [1][2] - The SEC claimed that View understated liabilities by $53 million in 2019 and 2020 due to undisclosed costs [3] - View went public through a $1.6 billion merger in March 2021 and later filed for Chapter 11 bankruptcy in April 2024 [4] Company Summary - View's financial misreporting involved not disclosing shipping, installation, and manufacturing costs associated with defective smart windows [3] - The company restated over two years of financials and replaced its CFO eight months after going public [4] - Following the lawsuit settlement, the case is pending approval from SEC commissioners [1][2]