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Join the Securities Litigation and Enforcement Group on LinkedInFormer Kmart CEO Conaway Asks Court to Throw Out Verdict Against Him
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 […]
Reading the Greenberg Settlement Tea Leaves
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.
Securities Docket A.M. News Wire for August 13, 2009
Harry Markopolos: Massive CDS Scams Will Make Madoff Look “Small-Time;” Ex-AIG CEO, others to pay $115 mln to settle shareholder lawsuit; SEC Won’t File Amended Complaint Against Mark Cuban, But May Appeal Dismissal; Copy of Transcript from DiPascali Plea Hearing; Copy of Criminal Information Filed Against Frank DiPascali; Eight Years and Nine Investigations Later, Pequot Capital Receives Wells Notice From SEC; Final Judgment Entered in Lyon “PIPE” Case; Court Awards $65 Million in Attorneys’ Fees in UnitedHealth Settlement.