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Charles Conaway, the former CEO of Kmart, asked a federal court yesterday to throw out a verdict in a civil trial that found that he misrepresented the company’s financial condition. As previously discussed here, on June 1, 2009, a jury returned a verdict in favor of the SEC on all charges in its case against […]
Last week, we asked whether former AIG CEO Maurice “Hank” Greenberg had “blown up his settlement” with the SEC through comments made on his behalf following the settlement.
From the looks of things, however, it now appears that the SEC will not move to vacate the settlement based on Greenberg’s comments.
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