Federal judge finds that Pricewaterhouse withheld evidence in fraud suit
US Magistrate Judge Patricia A. Hemann has recommended that a federal district judge enter a default judgment against PricewaterhouseCoopers for the company's failure to turn over documents and other evidence in an accounting fraud suit brought by...
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...
Three former employees of Medical Manager Health Systems Inc., recently purchased by WebMD , pleaded guilty to charges of mail fraud on Tuesday. Federal prosecutors in South Carolina filed charges against the three, including Robert W. Davids, a...
Six individuals, two former AOL executives and four former executives from the now-defunct PurchasePro software company, have been charged in an ongoing investigation into a secret negotiation between the two companies to artificially increase PurchasePro's revenues. Federal...
A draft of Attorney General nominee Alberto Gonzales' prepared statement to the Senate Judiciary Committee intended for delivery at his confirmation hearing Thursday and obtained late Wednesday notably makes no mention of torture, prisoners, detainees, Guantanamo, Iraq or the...
SEC fraud accusations denied by Mexican broadcasting company
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...
Corporations & securities brief ~ SEC finalizes hedge fund rule
In Monday's corporations and securities law news, the SEC has released a final rule relating to the registration of hedge fund advisors with the agency by February 1. Critics charge that the SEC does not have the legal authority...
Gambro Healthcare settles Medicare fraud case for $350 million
In a settlement that resolves the Eastern District of Missouri's largest-ever healthcare fraud case, Gambro Healthcare, the country's third-largest provider of kidney dialysis, has agreed to pay $350.5 million in civil and criminal penalties for overcharging the government, and...
Corporations & securities brief ~ Judge dismisses some civil claims against Qwest
In Thursday's corporations and securities law news, a federal judge ruling in the Qwest investor lawsuit threw out claims against former Qwest president Afshin Mohebbi, former sales executive Gregory Casey, and some claims against the company. The claims arose...
Bank of America announced Thursday that it has asked the US District Court for the Western District of North Carolina to dismiss a lawsuit filed against it by insolvent Italian dairy company Parmalat. Enrico Bondi, who was appointed by...
