Gemstar, Ex-CFO Agree To Drop Claims

Law360, New York (June 14, 2006, 12:00 AM EDT) -- Five months after reaching a $1.3 million settlement with the U.S. Securities & Exchange Commission, the former chief financial officer of Gemstar-TV Guide International Inc. has struck a deal with the cable provider over her role in a massive accounting fraud that rocked the company.

On Tuesday, Gemstar revealed that it had reached a settlement with former CFO Elsie Ma Leung, with both sides finally agreeing to drop their long-standing claims against each other.

"We are very pleased with this settlement which brings to a close...
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