IRS offers settlement deal to executives, companies using abusive tax shelters
The Internal Revenue Service announced Tuesday a plan to reduce penalties for executives and companies that admit to using an abusive tax shelter designed to avoid taxes on stock options. IRS Commissioner Mark Everson said that the...
Corporations and securities brief ~ Lay, Skilling trial judge eyes summer start for trial
Leading Tuesday's corporations and securities law news, the judge in the trial of former Enron Chairman Ken Lay and ex-Chief Executive Jeff Skilling is asking defense attorneys and prosecutors for...
Corporations and securities brief ~ AIG receives subpoenas from Spitzer, SEC
Leading Monday's corporations and securities law news, insurance giant American International Group (AIG) announced it has received subpoenas from New York Attorney General Eliot Spitzer and the SEC "relating to investigations of nontraditional...
Corporations and securities brief ~ Former Healthsouth president indicted
Leading Thursday's corporations and securities law news, prosecutors have announced that former HealthSouth Corp. president and director James P. Bennett has been indicted on charges of fraud, conspiracy, insider trading, money laundering and lying to the FBI...
Corporations and securities brief ~ Putnam faces $100 million payout
Leading Wednesday's corporations and securities law news, Putnam Investments , the eighth-largest US mutual fund company, may have to increase the restitution it had agreed to pay investors as part of the massive securities fraud at the company....
Environmental brief ~ House committee to vote on opening ANWR to drilling
In Tuesday's environmental law news, the US House Committee on Resources has announced that it is expecting to vote on February 9 on a broad energy bill that would allow oil drilling in Alaska's Arctic National Wildlife...
Corporations & securities brief ~ Krispy Kreme hires former Enron restructuring expert
Leading Tuesday's corporations and securities law news, Krispy Kreme Doughnuts Inc. announced the company will replace its chairman and chief executive with Stephen Cooper, a restructuring expert who most recently conducted Enron's turnaround. The company's...
SEC, Google settle complaint over unregistered employee stock options
Google Inc. and the Securities and Exchange Commission have settled a complaint over the company's failure to register employee stock options during its initial public offering in August. The settlement, in which Google accepted a...
Corporations & securities brief ~ SEC investigates Analog Devices
In Wednesday's corporations and securities law news, the SEC is investigating Analog Devices Inc. over stock option awards given to officers and directors over the past five years. The Boston Business Journal has more.In other news, the SEC has...
