Supreme Court OKs Executive Pay Freezes By SEC
The Securities and Exchange Commission had frozen payments to former executives of Gemstar-TV Guide International, who were sued in June 2003 in the U.S. District Court for the Central District of California.
The suit alleged participation by Gemstar executives in a widespread scheme to inflate Gemstar's licensing and advertising revenues to meet Wall Street's expectations.
It names Gemstar’s former chief executive officer Henry...
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