Judge Denies Ex-Gemstar Exec Plea Bargain

Law360, New York (January 24, 2006, 12:00 AM EST) -- Former Gemstar CEO Henry Yuen’s plea bargain, which raised cries of protest for its relative leniency, has been denied by a judge, sending the executive and federal prosecutors back to the bargaining table.

In rejecting the sentence, Judge John Walter said the plea bargain “failed to reflect the seriousness of the offense."

Last month, Walter delayed the approval of the plea deal, which mandated six months of home detention and a $1 million charitable donation, after both Gemstar and the U.S. Securities and Exchange Commission expressed...
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.