Law360, New York (June 19, 2009, 12:00 AM EDT) -- Former Kmart Corp. CEO Charles Conaway is battling a jury's verdict that he lied to investors about inventory levels and liquidity issues before the discount retailer's 2002 bankruptcy. Conaway claims he didn't draft, or even review, the regulatory filing at the center of the government's accusations.
In the U.S. District Court for the Eastern District of Michigan on Thursday, Conaway filed a renewed motion for judgment as a matter of law or alternatively for a new trial.
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.