Former United Rentals CFO Pleads Guilty

Law360, New York (December 14, 2007, 12:00 AM EST) -- The former chief financial officer of United Rentals Inc. has settled a securities fraud lawsuit brought by the U.S. Securities and Exchange Commission and pleaded guilty to a criminal charge of filing a false report with the SEC.

Michael J. Nolan settled and pled guilty to the accusations in the U.S. District Court for the District of Connecticut on Wednesday.

The SEC alleged in its complaint, which was also filed on Wednesday, that from 2000 to 2002 Nolan made a series of fraudulent transactions to meet...
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