Blog Entries tagged 'settlement' Blog Entries tagged 'settlement' http://www.cfozone.com Sat, 01 Jan 2011 16:44:11 +0100 FeedCreator 1.7.2 Two former Dell finance execs settle fraud charges http://www.cfozone.com/index.php?option=com_myblog&show=Two-former-Dell-finance-execs-settle-fraud-charges.html&Itemid=713

More problems for Dell.

The Securities and Exchange Commission settled civil charges with two former Dell finance executives for their role in the company's alleged accounting fraud.

Former chief accounting officer Robert Davis agreed to pay a penalty of $175,000, disgorgement of $19,080, and prejudgment interest of $9,078. He also agreed to a five-year suspension from appearing or practicing before the SEC as an accountant.

Former assistant controller Ran [...] stephentaub@yahoo.com Sun, 29 Aug 2010 23:00:00 +0100 settlement Securities and Exchange Commission sec fraud cookie jar accounting compliance Accounting Dell moving closer to SEC settlement http://www.cfozone.com/index.php?option=com_myblog&show=Dell-moving-closer-to-SEC-settlement.html&Itemid=713 Dell and founder, chairman and CEO Michael Dell are getting close to settling with the Securities and Exchange Commission.

The computer giant Friday adjourned its annual meeting, saying it wanted to give shareholders a reasonable amount of time to consider its recent offer to the regulator.

In a separate announcement on Friday, Dell announced that the company and Michael Dell have proposed settlements to the staff of the SEC, which the staff has agreed to recommend to the SEC. [...] stephentaub@yahoo.com Thu, 15 Jul 2010 23:00:00 +0100 settlement Securities and Exchange Commission Dell compliance Goldman to pay $550 million to settle with SEC http://www.cfozone.com/index.php?option=com_myblog&show=Goldman-to-pay-550-million-to-settle-with-SEC-.html&Itemid=713

Score this one for the Securities and Exchange Commission and chairman Mary Schapiro.

In perhaps their biggest accomplishment since she took over the securities regulator over a year ago, Goldman, Sachs agreed to pay $550 million and reform certain business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the US housing market was starting to collapse.

The SEC said this is the largest-ever penalty paid by a Wall Street fi [...] stephentaub@yahoo.com Thu, 15 Jul 2010 23:00:00 +0100 settlement Securities and Exchange Commission sec Mary Schapiro compliance collateralized debt obligation Hiring illegals costs carpet maker $18 million http://www.cfozone.com/index.php?option=com_myblog&show=Hiring-illegals-costs-carpet-maker-18-million.html&Itemid=713

So, you think you can save money by hiring illegals at lower salaries than U.S. citizens and legal residents are willing to take? Think again.

Just ask the folks at carpet maker Mohawk Industries.

The company-based in Dalton, Ga., the carpet capital of the world--agreed to pay $18 million to settle a six-year old lawsuit with legally-authorized, hourly-paid workers who alleged that their wages at Mohawk's facilities in Northwest Georgia were depressed by the hiring of [...] stephentaub@yahoo.com Tue, 13 Apr 2010 23:00:00 +0100 Supreme Court settlement rICO illegals compliance Securities class action settlements surged in 2009, down from high http://www.cfozone.com/index.php?option=com_myblog&show=Securities-class-action-settlements-surged-in-2009-down-from-high.html&Itemid=713

The number and value of securities class action settlements rose last year. However, the figures are still way down from what they were several years ago.

According to Cornerstone Research, which keeps score and cosponsors the Stanford Law School Securities Class Action Clearinghouse, in 2009 there were 103 court-approved securities class action settlements, up slightly from 97 in 2008. However, the settlements in 2009 involved $3.8 bilĀ­lion in total settlement funds, up 35 pe [...] stephentaub@yahoo.com Thu, 25 Mar 2010 23:00:00 +0100 Worldcom settlement lawsuits IPO Enron B of A far from putting Merrill deal in the past http://www.cfozone.com/index.php?option=com_myblog&show=B-of-A-far-from-putting-Merrill-deal-in-the-past.html&Itemid=713

The Securities and Exchange Commission announced on Thursday that it had settled -- again -- with Bank of America over charges that the bank misled shareholders about $3.6 billion in bonus payments to employees of Merrill Lynch, which B of A acquired in 2008.

The original $33 million settlement was, of course, rejected by U.S. District Court Judge Jed Rakoff. The judge initially refused to sign off on the deal, openly questioning why the commission would agree to suc [...] mquinn@cfozone.com Thu, 04 Feb 2010 23:00:00 +0100 settlement sec fraud compliance Bank of America