December 13, 2011
The U.S. Securities and Exchange Commission on Tuesday announced a settlement with a convicted former executive of a onetime Royal Ahold NV subsidiary for his role in an $800 million scheme to overstate the operating income of the company.
October 22, 2010
A federal judge has rejected a U.S. Securities and Exchange Commission motion for summary judgment in its civil case against Mark Kaiser, the former marketing chief of U.S. Foodservice Inc., basing the decision on the recent toss of a criminal conviction against him for an $800 million accounting fraud at the company.