December 06, 2013
A New York federal court on Friday sentenced two former Vitesse Semiconductor Corp. executives to three years' probation after they pled guilty to manipulating company records to thwart an expected stock-options backdating investigation by federal authorities.
September 27, 2013
Two former Vitesse Semiconductor Corp. executives who pled guilty in August to tampering with company records to thwart a fraud investigation have reached civil settlements with the U.S. Securities and Exchange Commission totaling $3 million, the agency said Friday.
April 20, 2011
Prosecutors asked a New York federal court Wednesday to pause the U.S. Securities and Exchange Commission's fraud suit against two Vitesse Semiconductor Corp. executives until after a parallel criminal case against them is tried.
March 22, 2011
A New York federal judge approved a consent judgment Monday in the U.S. Securities and Exchange's fraud case against Vitesse Semiconductor Corp., saying guilty pleas in a parallel criminal case mitigated serious doubts about the agency's acceptance of no-admission deals.