Corporations and securities brief ~ KPMG settles with SEC over Xerox charges
Leading Wednesday's corporations and securities law news, KPMG LLP , the US unit of accounting firm KPMG International , has agreed to pay $22.5 million to settle with the SEC over charges that it allowed...
Corporations and securities brief ~ SEC passes controversial stock rule change
Leading Wednesday's corporations and securities law news, the SEC has approved the extenstion of the "trade-through" rule to electronic exchanges which will subject the vast majority of stock transactions to guidelines designed to give investors the best...
Corporations and securities brief ~ Prosecutors ask for June start date for Lay fraud trial
Leading Tuesday's corporations and securities law news, Enron Task Force prosecutors have asked US District Court Judge Sim Lake to move former Enron chief Ken Lay's trial date for personal banking...
Corporations and securities brief ~ Bank of America settles market timing charges with SEC
Leading Wednesday's corporations and securities law news, the SEC has announced that three Bank of America Corp. brokerage units have agreed to pay $375 million to settle market timing charges. The SEC charged the three units with...
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...
Families of the tsunami victims are pressuring the British government to amend the rules for when missing persons can be legally declared dead. Lord Charles Falconer announced today that legislators hoped to create a system to waive...
The chief accountant of the Securities and Exchange Commission revealed Wednesday that giant mortgage lender Fannie Mae, which finances the purchase of one out of every five homes in the US, violated accounting rules in respect of its handling...
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...
Corporations & securities brief ~ Oracle, PeopleSoft fight for outstanding shares
In Tuesday's corporations and securities law news, Oracle's hostile bid for PeopleSoft Inc. has not been defeated as top shareholders in PeopleSoft are split on whether to accept the bid. Capital Guardian Trust Co. will tender its 10% stake...
