Gemstar Angered By Ex-CEO’s Plea Bargain

Law360, New York (November 11, 2005, 12:00 AM EST) -- TV Guide parent company Gemstar is scoffing at the sentence of former CEO Henry C. Yuen, who pled guilty to orchestrating a multimillion dollar accounting fraud scheme, calling it “a slap on the wrist.”

A district court in California sentenced Yuen to six months of home detention, and a $250,000 fine. The judge also said that Yuen must donate $1 million to three Los Angeles area charities that benefit victims of fraud.

Gemstar campaigned heavily against the plea bargain, saying in a brief filed with the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.