Search Results for: Nortel

The US Securities and Exchange Commission (SEC) filed suit on Monday against Nortel for fraudulent accounting practices and also reached settlement with the telecommunications giant. The lawsuit, filed in the US District Court...

The US Securities and Exchange Commission (SEC) filed fraud charges Monday against former executives of Canadian telecommunications manufacturer Nortel Networks , accusing the corporation of misleading investors. The complaint , brought...

Motorola has filed a lawsuit against the incoming CEO of Nortel Networks , claiming the Canadian telecommunication equipment company's move to hire its former chief operating officer will inevitably result in the use and disclosure of...

Leading Wednesday's corporations and securities law news, on the day before SEC Chairman William Donaldson steps down, the Commission has voted 3-2 to keep a rule forcing mutual funds to be overseen by an independent chairman. The...

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...

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...

In Thursday's corporations and securities law news, PeopleSoft executives have unanimously recommended its shareholders reject Oracle's $8.8 billion hostile takeover bid because the offer was too low. Oracle, upon learning of the news, said it was prepared to walk...