Check Is In The Mail For Time Warner Investors: SEC

Law360 (July 10, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission said Monday that injured investors of Time Warner Inc. would start receiving money from a government settlement with the company over fraud and accounting improprieties in 2005.

The Commission said $316 million would be distributed in the next 10 days. Final court approval for the distribution was given on June 20 in the U.S. District Court for the District of Columbia. None of the Fair Fund is being used to pay class action counsel, the SEC said.

Time Warner paid...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.