Ex-TV Guide CEO Settles With SEC In Gemstar Probe

Law360, New York (December 13, 2005, 12:00 AM EST) -- Another former Gemstar executive has negotiated a settlement with the Securities and Exchange Commission, ending the civil fraud charges filed against him after the company’s $250 million accounting fraud scandal was exposed.

Chris Waggy, the CEO of Gemstar-owned TV Guide from 1997 to 2002, has agreed to pay $25,000 to settle charges stemming from the improper recording of transactions in financial books and records.

The settlement, which must still be approved by a five-member SEC panel, comes one year after an earlier agreement between the Commission...
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