SEC concludes MOVEit investigation with no enforcement action against Progress

PROGRESS SOFTWARE CORP /MA

SEC notified Progress on Aug 6, 2024, that its investigation is closed with no enforcement action.
Investigation originated from an Oct 2, 2023 subpoena related to the MOVEit vulnerability.
Termination Letter issued under Securities Act Release No. 5310 guidelines.
This removes a significant regulatory overhang for Progress shareholders.

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