3 Symbol Technologies Execs Settle SEC Fraud Claims

Law360, New York (October 29, 2009, 2:58 PM EDT) -- Federal regulators have netted several more million dollars for Symbol Technologies Inc.’s injured investors in settlements with three of the company's former executives accused of facilitating the company's massive reporting fraud.

The U.S. Securities and Exchange Commission proposed consent judgments for Symbol's former chief financial officer and two other executives that impose roughly $4 million in penalties on Wednesday, more than five years after the company paid $37 million to settle the agency's fraud suit.

Having agreed to disgorge more than $3 million, former CFO Kenneth...
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