Corporate / Securities Law News Archives

Circuit City Stores Inc. chief executive, Philip J. Schoonover, received compensation in fiscal 2008 valued by the company at about $2.1 million, far less than the $17.1 million he earned in the prior year.

The U.S. commodity markets' chief regulator will unveil policy changes next week meant to address public and political concerns that market malfunctions may be contributing to rising food and energy prices, The ...

Madison-based Great Wolf Resorts will pay interim CEO Randy Churchey $510,000 this year, the company reported in a filing with the Securities and Exchange Commission.

Saturday, May 31, 2008 CA grants Meralco's petition vs SEC MANILA -- The Court of Appeals granted Friday Manila Electric Company's petition for a temporary restraining order against the Securities and Exchange ...

Brink's Home Security Holdings Inc. on Friday filed a registration statement with the Securities and Exchange Commission related to its anticipated spin-off from Brink's Co.

The Securities and Exchange Commission announced the settlement with the the Norwood, Mass.-based technology firm and Chief Executive Jerald Fishman for allegedly failing to properly disclose $30.7 million in ...

Four Canadian provincial securities regulators are in talks with the U.S. market watchdog on a ground-breaking regulatory alliance, a deal that would be enormously important to Canadian banks and investment ...

The Securities and Exchange Commission today charged a former partner at Ernst & Young LLP, his friend, and his friend's father in an insider trading scheme that resulted in nearly $600,000 in illicit profits.

A key federal regulator said Thursday that it has been probing whether speculators are manipulating the price of oil and gasoline and announced a series of measures to make the opaque world of oil trading more ...

Oil prices fell sharply Thursday after the Energy Department reported unexpected declines in crude oil supplies last week but said the drop was due to temporary delays in unloading oil tankers along the Gulf ...

Friday, May 30, 2008 Meralco asks court to nullify SEC order MANILA -- Officials of the Manila Electric Company on Thursday asked the Court of Appeals to declare null and void the cease and desist order of the ...

WASHINGTON Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.

CHESTERFIELD, Mo. - Insituform Technologies, Inc. today announced that IVS Associates, Inc., the independent inspectors of elections for the Company ' s Annual Meeting of Stockholders held May 19, has certified ...

Posted on Wednesday, May 28, 2008 LawFuel - The Law News Network Bear Stearns Cos.

The Securities and Exchange Commission , in a reversal of a previous position, has told companies that they cannot exclude a health care proposal from proxy materials provided to shareholders, the New York ...

The Lopez group of companies has retained control of Manila Electric Co. with the election of five of its nominees in the 11-man board and the government bloc getting four nominees.

Ladson-based armored vehicle maker Force Protection Inc. said Tuesday that it has been warned for the second time that it could lose its listing on the Nasdaq stock exchange.

The police department, serving one of the largest cities in South Carolina, is engaged in the phased deployment of ICOP systems in its fleet comprised of approximately 400 patrol cars.

' The Securities and Exchange Commission, shifting its position, has told companies they must allow shareholders to vote on a proposal for universal health insurance coverage.

Riley McDermid NEW YORK -- The U.S. Securities & Exchange Commission has widened a probe into the methodologies used by ratings agencies to detect errors to include Standard & Poor's and Fitch Ratings, the SEC ...

Government pension fund chief Winston Garcia on Tuesday described as illegal the decision of the Manila Electric Co.

Rex Energy Corporation announced today that Jack S. Shawver, Vice President and Illinois Basin District Manager, has announced his plans to retire.

The law firm of Girard Gibbs LLP announces that it is has filed a class action lawsuit on behalf of persons who purchased Auction Rate Securities from Bank of America Corp.

The U.S. Securities & Exchange Commission has begun looking into possible computer glitches at credit rating agency Moody's , SEC Chairman Christopher Cox told Reuters on Monday.

Read the full story on ENN . The Irish Independent reports on a new study by the Anti-Bullying Centre in Trinity College Dublin, which found that one in seven Irish secondary school students are the victims of ...

The Securities and Exchange Commission's investigation of Maurice "Hank" Greenberg goes beyond the one deal that was the subject of a criminal trial earlier this year and includes a second deal made by his ...

Astronics Corporation , a trusted leader in innovative, high performance lighting, electrical power generation, control and distribution systems for the global aerospace industry, announced that it has entered ...

Posted online: Sunday , May 25, 2008 at 10:35:37 Updated: Sunday , May 25, 2008 at 12:04:25 New Delhi, May 25: Leave alone the adverse effects of economic slowdown, the Indian IT industry is fearing that ...

United Heritage Corporation , a public company involved in the development of medium gravity crude oil assets announced that on May 19, 2008, it terminated a consulting agreement with GWB Petroleum Consultants ...

MyStarU.com, Inc. announced today that it has filed with the SEC a Form 10QSB on May 16, 2008.

Telemedicus, Inc. announced today that chief operating officer Steve Price has resigned effective May 23 rd , 2008.

A California law firm has filed a class-action lawsuit on behalf of investors who bought auction-rate securities from Bank of America Corp.

NexCen Brands, Inc. today announced that, as anticipated, it received a Nasdaq Staff Determination letter dated May 20, 2008 from the Nasdaq Stock Market stating that the company is not in compliance with the ...

Here's the first installment of Train Wreck's first recurring post: Dysfunctional Executive Watch.

Rite Aid Corporation announced today the terms of an offering of $150 million aggregate principal amount of 8.5% convertible notes due 2015, pursuant to an effective shelf registration statement previously ...

Mutual funds would be required to use computer tags to label key information about fees, performance and strategies so that investors and analysts can get the information through interactive data, under a ...

In a Securities and Exchange Commission filing on Thursday, the Phoenix-based carrier said it didn't think it could redeploy the 34 Embraer, 50-seat jets on under contract in a timely manner, losing about $960 ...

Yahoo Inc. on Thursday postponed a looming showdown for control of its board, giving itself more time to prepare a defense - or negotiate a sale to Microsoft Corp.

The record-shattering run-up in energy and food prices has put investors who buy and sell such things on the hot seat -- so hot that some in Congress on Tuesday threatened action.

Former Qwest executives are asking a court to dismiss certain claims filed by federal regulators, partly because the government is invoking state secrets privileges that the former executives say will hurt ...

Moody's Investors Service shares fell sharply Wednesday as the credit ratings agency said it is reviewing whether computer errors wrongly assigned top-quality ratings to debt in Europe that didn't warrant high ...

A senior vice president of IBM exercised options for 41,496 shares of common stock, according to a Securities and Exchange Commission filing.

The move to XBRL filings will roll out in stages, with about 500 so-called "large" domestic and foreign issuers expected to submit XBRL versions of financial reports this winter.

Kroger Co. Chairman and Chief Executive David B. Dillon received a 22 percent compensation hike in 2007, a year when the nation's largest traditional grocer saw its profits edge higher despite fierce ...

Maurice "Hank" Greenberg, former chief executive of American International Group Inc , may face civil charges for his alleged role in an effort to improperly boost the insurer's financials, the Wall Street ...

Chesapeake Energy Corporation today announced that it has priced its previously announced public offering of $800 million aggregate principal amount of senior notes due 2018, which will carry an interest rate ...

Acxiom announced Tuesday that it will restate its earnings about $8 million downward because it miscalculated the value of certain contracts over the past four fiscal years.

What keeps executives at large U.S. technology companies awake at night? According to research findings released Monday by BDO Seidman, LLP, a professional services firm, not surprisingly, "competition and ...

Douglass B Schauer, W. Earnest Cox and Alan E. Kilofoyle, all financial service accounting veterans employed with the firm, will join Warren Averett by June 1. Schauer served as the managing partner of Schauer ...

Federal commodity regulators are investigating whether the farmer-owned dairy cooperative that controls about a third of the nation's milk supply engaged in a price manipulation scheme, a spokeswoman for the ...

Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options.

A civil complaint filed by the Securities and Exchange Commission also charges former chief financial officer William J. Ruehle and general counsel David Dull. It seeks injunctions, unspecified monetary penalties as well as removing Samueli and Dull from their positions.

WASHINGTON -- Federal regulators today said eight former executives of AOL Time Warner Inc.

Chip equipment maker Brooks Automation Inc. said Monday it resolved a federal investigation into its historical stock option granting practices. via International Business Times

ASK THE FOOL The board of directors Q: How can I find out who's on a company's board of directors? V.E., Amarillo, Texas A: You can often find a list of a company's board members on its Web site. via The Morning Call

“Intervention Treatment is in a prime position to provide help in a time of need to those affected by addiction”

Intervention Treatment is currently one of the fastest growing online resources for those affected by drug and alcohol addiction. via PR-inside.com

“These (over-the-counter) markets have less liquidity, less price transparency and no public accounting for traders' positions.”

Global demand and tight supplies are responsible for sending commodity prices to record highs, and fund investors are being unfairly blamed for the increase, government regulators and top exchange executives ... via KTIC

“The SEC's proposal will increase the chances that investors will actually use funds' key investment information.”

Mutual fund investors just need to grab a prospectus, which describes the rules and strategies for the fund, to find out just how confusing it is to find information. via Sunherald.com

Posted: Saturday, May 17, 2008 ; Updated: 1:23 AM on Saturday, May 17, 2008 ASK THE FOOL The Board of Directors Q: How can I find out who's on a company's board of directors? -- V.E., Amarillo, Texas A: You can ... via St. Augustine Record

EV Energy Partners, L.P. today announced it has closed its previously announced acquisition of oil properties in South Central Texas for an adjusted purchase price of $17.8 million subject to customary ... via Earth Times

“We apologize to our investors for the late filing”

The company has traded the past 30 days with an "E" attached to its trading symbol due to delinquency. via Fox News

A machinery engineer in Rome reaped more than $2.1 million in illegal profits by trading on confidential information about DRS Technologies Inc. via Bloomberg Business News

Shareholders of Harris & Harris Group, Inc., may be interested to know that we have posted our letter to shareholders for the first quarter of 2008 on our website. via Digital Producer

Bill Gates, the chairman of software company Microsoft Corp. , sold 3 million shares of common stock, according to Securities and Exchange Commission filings Tuesday. via Boston Globe

The company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 900,000 of its common shares to cover over-allotments, if any. via PR-inside.com

“The company is pleased to resolve the matter, which relates to old conduct by people who are no longer at the company and which the company self-reported to the Department of Justice and the SEC”

RESOURCES HEAT'S ON The federal government has increased enforcement actions under the Foreign Corrupt Practices Act, which in general prohibits payment of bribes to foreign officials: * 2003: 3 * 2004: 3 * ... via Houston Chronicle

Berkshire Hathaway Inc , billionaire Warren Buffett's investment company, no longer held any Ameriprise Financial Inc stock as of March 31, according to a U.S. regulatory filing on Thursday. via MSN Money

Nearly 75 percent of CFOs and senior comptrollers have no experience using International Financial Reporting Standards, while 55 percent are unfamiliar with the Extensible Business Reporting Language, according ... via WebCPA

The vice president of marketing at Power Integrations Inc., which makes high-voltage analog integrated circuits, exercised options for 13,615 shares of common stock under a prearranged trading plan, according ... via Canadian Business Magazine

Presstek's stock price continued to climb in wake of last week's news that the company managed to make a slight profit despite a sharp drop in sales. via New Hampshire Business Review

“When things are going well, no one wants to be regulated”

Investment banks should be regulated more like commercial banks if they're going to get the same kind of help from Washington, former U.S. Federal Reserve chairman Paul Volcker said Wednesday. via CFRB

“We can make that information easier for investors to get, easier for investors to use and more efficient and more cost-effective for companies to disclose.”

The U.S. Securities and Exchange Commission has taken a major step toward requiring publicly traded companies to submit their reports to the agency in an interactive data format, with backers saying the change ... via ITworld

The U.S. Attorney's Office and the Securities and Exchange Commission filed criminal and civil fraud charges Wednesday against the Altadena owner of a Pasadena company authorities allege operated a fraudulent ... via San Gabriel Valley Tribune

“Each of us has been committed to prudent economic policy and effective financial regulation for many years”

Three former chairmen of the US Securities and Exchange Commission endorsed Democratic presidential candidate Barack Obama today. via The Irish Times

A senior vice president of oil and gas company Range Resources Corp. sold 15,522 shares of common stock, according to a Securities and Exchange Commission filing. via Canadian Business Magazine

“Management welcomes the perspectives and insights of our new directors.”

Great Wolf Resorts - parent company of Sheboygan's Blue Harbor Resort and Conference Center - has reached an agreement with a disgruntled stockholder, staving off a proxy showdown that would have occurred later ... via WisInfo

The US regulator is expected to announce new regulation today mandating the filing of reports to the Securities and Exchange Commission in XBRL. via Accountancy Age

Mesa Air Group has once again delayed the filing of its quarterly results. The parent company of interisland airline go! reported in a filing with the Securities and Exchange Commission on Tuesday that it was ... via Pacific Business News

Henry C. Yuen, the former chairman and chief executive of Gemstar-TV Guide International Inc., was charged by the Justice Department with obstructing an investigation into accounting irregularities. via Los Angeles Times

A Securities and Exchange Commission filing says casino owner Pinnacle Entertainment has settled with two insurance companies over Hurricane Katrina damage at its former casino in Mississippi. via The Clarion-Ledger

“TVA still faces challenges related to fuel, purchased power, hydroelectric generation and capacity during the remainder of the year”

' The Tennessee Valley Authority says the Southern drought has forced it to reduce hydroelectric power generation and buy costly power from others, resulting in reduced net income. via Chattanooga Times Free Press

“The company's shareholders need to absorb the significance of the company's first quarter losses”

Maurice "Hank" Greenberg, former chief executive of American International Group , has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a ... via Earth Times