US Says Ex-KB Homes Exec Deserves Harsher Sentence

Law360, New York (December 3, 2010, 7:59 PM EST) -- The U.S. government has announced plans to appeal a federal judge's sentencing of Bruce Karatz, the former CEO of homebuilding giant KB Home Inc. who was convicted of stock options backdating, just weeks after Karatz's own attorneys announced they intended to seek a reversal of the sentence.

On Thursday, U.S. Attorney Paul Stern filed a notice of appeal in the U.S. Court of Appeals for the Ninth Circuit protesting a judge's sentence of eight months of house arrest, five years of probation, 2,000 hours of community...
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