3 Former Krispy Kreme Execs Settle With SEC

Law360, New York (March 5, 2009, 12:00 AM EST) -- Three former executives of doughnut maker Krispy Kreme Inc. on Wednesday signed consent decrees with the U.S. Securities and Exchange Commission that bring to a close allegations about their roles in the accounting scandals that have spawned numerous investor lawsuits.

Under the agreements, filed in the U.S. District Court for the Middle District of North Carolina, Scott A. Livengood — the company's former president, CEO and chairman — will pay a total of more than $542,200 in civil penalties, disgorgement fees and interest.

John W. Tate,...
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