Law360 ( March 10, 2010, 3:59 PM EST) -- The U.S. District Court for the Eastern District of Michigan recently issued an opinion in which it imposed a third tier civil penalty against Charles Conaway, the former chariman and CEO of Kmart Corp., but declined to impose either an injunction or an officer-and-director bar. SEC v. Conaway, 2010 U.S. Dist. LEXIS 17057 (Feb. 25, 2010)....
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