Edison in the late 19th century, GE evolved into an iconic American company known for its record of innovation. Over time, its reach expanded across a range of industries, including home appliances, medical devices and airplanes.

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Former CEO Jack Welch became a household name as the company flourished, peaking in 2000 with a market value of $594 billion. But it has been contracting for decades, burdened by debt and tainted by a probe into its accounting practices. The company, which now has a market value of about $78 billion, is being led by its second CEO since 2017.

Markopolos told CNBC that the GE review came at the request of a “mid-sized U.S.-based hedge fund,” but he declined to name the firm. He said he will get a “decent percentage”  (D.C. No. 1:16-CV-01984-RBJ)
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Lowell V. Sturgill, Attorney, Appellate Staff, Civil Division, United States Department
of Justice, Washington, DC (Chad A. Readler, Acting Assistant Attorney General, United
States Department of Justice, Washington, DC; Bob Troyer, United States Attorney,
Office of the United States Attorney for the District of Colorado, Denver, Colorado;
Charles W. Scarborough and Thais-Lyn Trayer, Attorneys, Appellate Staff, Civil
Division, United States Department of Justice, Washington, DC, on the briefs), appearing
for Appellants.

Jeremiah L. Buettner (Jeff L. Todd, with him on the brief), McAfee & Taft A
Professional Corporation, Oklahoma City, Oklahoma, appearing for Appellees.
               