Travel + Leisure Agrees To Pay $975K Civil Penalty To Settle SEC Lawsuit Over Alleged Misstatements, Misleading Disclosures

Travel + Leisure has agreed to pay a civil penalty of $975,000 to settle a lawsuit filed by the SEC, which accused the company of making alleged misstatements and misleading disclosures. The settlement aims to resolve the regulatory issues without admitting to any wrongdoing. The company's stock ticker is TNL.