[JURIST] In Tuesday's corporations and securities brief, Verizon Wireless and Nextel Communications Inc. announced a resolution over disputes arising from airwaves and trademark names. Under the agreement, Nextel will swap airwaves worth as much as $4.86 billion and allow Verizon Wireless to use the push-to-talk name that has been used to promote Nextel service. Read the Verizon press release here. Bloomberg has more.
In other news, the SEC announced David Rivard and David Kaplan, two former Computer Associates International Inc. executives, have settled charges that they helped improperly recognize revenue at the software maker. The pair will pay a fine of $387,470 and are permanently barred from serving as an officer or director of a publicly held company. Read the SEC litigation release here. Reuters has more.... As previously reported on JURIST's Paper Chase, a New York judge has refused to combine former Tyco CEO Dennis Kozlowski's retrial on larceny charges with his trial on charges that he failed to pay sales taxes on art worth $13 million. Paper Chase has ongoing coverage of the Tyco trials. AP has more.... The SEC was forced on Tuesday to extend interim rules for oversight of banks offering brokerage services because of a stalemate with the Federal Reserve. The SEC is attempting to implement a rule which would subject some banks to SEC oversight if they provide securities services. Read the SEC press release announcing the move here. The Boston Business Journal has more.... Immucor Inc. announced president and chief executive Gioacchino De Chirico will down as CEO while the company investigates a criminal probe into De Chirico and an Italian subsidiary relating to alleged improper payments to a physician in exchange for business from his hospital. Read the Immucor press release here. AP has more.... Conrad Black quit as chairman and chief executive officer of Hollinger Inc. which in effect preempts a court decision that may have ousted him today. Bloomberg has more.... As previously reported on JURIST's Paper Chase, Moscow's Meshchansky Court Tuesday adjourned the trial of former Yukos head Mikhail Khodorkovsky until November 9 after hearing testimony from about 80 prosecution witnesses. Paper Chase has continuing coverage of the Khodorkovsky trial. The Russia Journal has ongoing coverage of the Khodorkovsky trial and the court battles faced by Yukos. MosNews has more.