[JURIST] Three former Global Crossing [corporate website] executives have reached a settlement with the Securities and Exchange Commission [official website] where they will each pay a $100,000 civil fine without having to admit wrongdoing in "capacity swap" deals made before the telecommunications company went into bankruptcy. The SEC's civil complaint [PDF text] alleged that Global Crossing's former CEO Thomas Casey, former CFO Dan Cohrs, and former EVP Joseph Perrone aided and abetted the company's failure to adequately disclose material information on its swaps of fiber-optic network capacity with other companies. Under the settlement [SEC press release; Global Crossing press release], the three former executives will pay fines without admitting or denying the allegations in the SEC complaint. AP has more.