We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-VP Settles SEC's RenRe “Cookie Jar” Suit

Law360 (November 9, 2007, 12:00 AM EST) -- The second of three former RenaissanceRe Holdings Ltd. executives has raised a white flag in the U.S. Securities and Exchange Commission's suit over his alleged role in the scandal that broke when the reinsurance company allegedly cooked its books to smooth out earnings disparities.

Ex-senior vice president Michael Cash promised to fork over $130,000 and agreed to an anti-fraud injunction. The final consent judgment that Manhattan district Judge Gerald Lynch inked last Friday also barred him from heading a public company for the next five years....
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.