Corporations & securities brief ~ FERC to ask Enron to return money made during energy crisis
Leading Tuesday's corporations and securities law news, the Federal Energy Regulatory Commission (FERC) , who have been examining the trading schemes Enron employed on Western power consumers, contend that the energy giant should...
Corporations & securities brief ~ SEC reconsiders Sarbanes-Oxley impact on foreign corporations
Leading Tuesday's corporations and securities law news, SEC Chairman William Donaldson stated in a speech today that the agency is considering changes to the Sarbanes-Oxley Act to ease burden on foreign companies. Companies in both...
Corporations & securities brief ~ SEC probe prompting traders to quit Fidelity
Leading Friday's corporations and securities law news, Fidelity Investments announced two more traders have left the firm over the government's investigation into employees who inappropriately solicited and received expensive gifts and entertainment from brokers who wanted the...
Corporations & securities brief ~ Enron trial of Skilling, Lay to stay in Houston
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...
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...
High-profile Tyco, WorldCom corporate criminal trials to begin this week
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...
Henning [Wayne State]: Initial Booker Musings for White Collar Cases
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...
Corporations & securities brief ~ Ex-CBS columnist settles fraud charges with SEC
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...
Corporations & securities brief ~ Southwest Securities settles market timing charges
In Monday's corporations and securities law news, the SEC has announced that Southwest Securities Inc., a subsidiary of SWS Group Inc., will pay $10 million to settle charges of market timing of mutual fund shares. Southwest will pay back...
Ten former directors of Enron have agreed to pay $168 million to settle a lawsuit by shareholders, according to lead plaintiff University of California. The settlement, announced Friday, involves an out-of-pocket payment by the former directors of $13 million,...
