An intellectual property infringement lawsuit by SCO Group against IBM will not go to trial until February 26, 2007, over two years later than originally scheduled. US District Judge Dale Kimball rescheduled the...
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Corporations and securities brief ~ Cox formally nominated as SEC Chairman
Leading Friday's corporations and securities news, the White House Friday formally filed papers with the Senate for the nomination of Congressman Christopher Cox as new Chairman of the SEC. Cox, a Republican from California, was informally tabbed...
Software giant Microsoft has agreed to pay IBM $775 million to resolve claims stemming from the antitrust lawsuit brought by the US government in the late 1990s. As part of the agreement...
Corporations and securities brief ~ SEC investigating IBM disclosures
Leading Monday's corporations and securities law news, the SEC is investigating IBM , the company announced today. In a press release, IBM said that it received a request to voluntarily comply with the SEC's informal investigation....
Corporations and securities brief ~ AIG fires execs for not cooperating with probe
Leading Tuesday's corporations and securities law news, the Wall Street Journal is reporting American International Group Inc. (AIG) has fired CFO Howard I. Smith and a vice president Christian M. Milton after the executives indicated they...
Corporations & securities brief ~ Republicans scrutinize Lenovo's purchase of IBM PC unit
In Wednesday's corporations and securities law news, the agreement by Lenovo , China's largest computer supplier, to takeover IBM's PC division for $1.75 billion is in jeopardy of falling apart as congressional Republicans...
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...
In Friday's corporations and securities law news, the Canadian unit of Credit Suisse First Boston (CSFB) will pay Canadian regulators $1.5 million Canadian to settle allegations it improperly traded shares of BCE, Canada's biggest phone company. This is the...
Corporations & securities brief ~ AIG nears settlement with SEC, DOJ
In Tuesday's corporations and securities law news, American International Group Inc. (AIG) announced it has submitted a settlement offer to the SEC and reached an agreement with the Department of Justice over an investigation into the financial services company's...