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Securities and Exchange Commission v. Kelly et al
Case Number:
1:08-cv-04612
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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September 23, 2011
Ex-AOL Execs Win Toss Of 2 Claims In SEC Suit
A New York federal judge on Thursday stripped claims from a U.S. Securities and Exchange Commission lawsuit accusing two former AOL Time Warner Inc. executives of engineering a scheme to overstate online advertising revenue by about $1 billion, citing a recent U.S. Supreme Court decision.
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September 06, 2011
Former AOL CFO Settles SEC Suit Over Inflated Revenue
A New York federal judge on Tuesday signed off on a $260,000 payment from former AOL Inc. Chief Financial Officer John Michael Kelly to settle a U.S. Securities and Exchange Commission lawsuit that claimed he helped conceive a transaction scheme to overstate online advertising revenue by more than $1 billion.