Ex-KB Home CEO Tries To Avoid Prison For Backdating

Law360, New York (November 8, 2010, 4:29 PM EST) -- Attorneys for former KB Home Inc. CEO and convicted stock options backdater Bruce Karatz have told a judge that eight months of house arrest, five years of probation and a fine recommended by the U.S. Probation Office are more than enough punishment for his crimes.

The defense sentencing memorandum, filed Friday in the U.S. District Court for the Central District of California, followed a prosecution memorandum that had asked Judge Otis D. Wright II to ignore the Probation Office’s recommendation and sentence Karatz to six years...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

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.