Search Results for: financial fraud

Leading Monday's corporations and securities law news, ImClone Systems Inc. has agreed to settle a class-action shareholder lawsuit from 2002 for $75 million. The lawsuit accused the company of making false and misleading statements about a prospective...

Leading Thursday's corporations and securities brief, US District Court Judge Sim Lake has decided against former top Enron executives Ken Lay , Jeff Skilling , and Rick Causey in their attempt to...

Leading Wednesday's corporations and securities law news, potential jurors for the trial of former WorldCom Inc. chief Bernard Ebbers were questioned today about any financial ties to the company and their knowledge of the case. Ebbers faces...

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...

Trials involving former corporate leaders of Tyco International and WorldCom, now MCI, are both set to begin this week, with both expected to last weeks to months, as the executives are tried on a variety...

Leading Thursday's corporations and securities law news, the SEC is considering a combined settlement with several brokerage firms in its probe of the $204 billion auction-rate bond market. The SEC's investigation has uncovered several potential violations related...

Peter Henning, Wayne State University Law School:"At the risk of speaking without thoroughly reviewing all the opinions (wading through Justice Scalia's attack, which includes a reference to "Wonderland"; will have to wait), a couple initial impressions (with quotes).  For a...

In Tuesday's corporations and securities law news, Thom Calandra, former chief commentator for CBS MarketWatch , will pay at least $540,000 in penalties to settle fraud charges with the SEC . The charges stem from allegations Calandra...

TV Azteca, Mexico's second largest broadcaster, said Wednesday that civil fraud charges announced against it and its top executives yesterday by the US Securities and Exchange Commission were false and alleged that the SEC was pursuing it to distract...

Russian oil giant Yukos, currently caught up in a titanic financial struggle with the Russian government over the payment of back taxes (see a Yukos release on the tax claims here) while its imprisoned former CEO Mikhail Khodorkovsky is...