Broke Ex-United Rentals CFO Ducks $3M SEC Judgment

Law360, New York (February 13, 2012, 2:59 PM EST) -- The U.S. Securities and Exchange Commission is waiving a $3.14 million judgment against a former United Rentals Inc. executive accused of inflating the company’s value because he is unable to pay, according to a consent judgment submitted Friday in Connecticut federal court.

Former United Rentals Chief Financial Officer Michael J. Nolan neither admitted nor denied the SEC’s allegations in requesting that U.S. District Judge Alan H. Nevas approve the judgment holding him liable for $1.86 million in disgorgement plus prejudgment interest of $1.28 million and waiving...
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