News / CEVA employees call on SEC to investigate how their shares, costing millions, became worthless

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CEVA employees who claim they were pressured to invest in the company and then lost their equity when owner Apollo restructured, have asked the US Securities and Exchange Commission (SEC) to investigate.

They claim, in a letter, seen by The Loadstar, that Apollo Global Management’s board “and other self-dealing individuals” showed “significant abuse of fiduciary responsibilities”.

The letter says: “The claims for fraudulent transfers, breach of fiduciary duties and unjust enrichment are overwhelming.”

The group has turned to the SEC, “because individual shareholders do ...