Three years after Arthur Andersen LLP’s conviction for its role in the Enron Inc. accounting scandal, the Justice Department has decided to abandon its prosecution of the now near-defunct accounting firm.
Electronics power management company O2 Micro International has won another round in its litigation over AC/DC converter patents, this time against Tokyo based Sumida Corporation.
The country’s fourth largest coal company and its insurer have settled a shareholder lawsuit, agreeing to change several company governance rules and pay a $2.5 million settlement to cover plaintiffs’ legal fees.
The Federal Circuit’s failure to interpret U.S. Code correctly in recent high-profile cases involving Research In Motion and Eolas led to a flawed ruling over the reach of process claims in Union Carbide Corp. v. Shell Oil, according to two national bar associations.
Five former Enron Inc. executives who were acquitted after a mistrial in July have been indicted once again by a federal judge, this time on narrower charges stemming from the company’s 2001 securities fraud scandal.
Tough new sentencing guidelines for white-collar criminals are now in question after a federal appeals court threw out the 24-year prison term of former Dynergy Inc. executive.
The investigation into improper accounting at General Electric Co. by the U.S. Securities and Exchange Commission was stepped up Tuesday, when the agency formalized its probe of the industrial conglomerate.
With a $400 million settlement offer, Qwest Communications International Inc. Tuesday moved toward resolving a slew of investor class action lawsuits over alleged securities fraud that led to the company’s restatement of billions of dollars in revenue in 2002.
Investors in scandal-ridden Yukos Oil Company are taking the offensive against the Russian Federation, accusing the country and its leaders of trying to renationalize the firm without compensation.
A Texas man used information he obtained from his wife over dinner to engage in illegal insider trading, according to the Securities and Exchange Commission, which reached a settlement with the man one day after filing its lawsuit against him.
Allegheny Energy Inc. has settled 14 class action lawsuits, agreeing to pay $13 million to investors that claim they were misled about the company’s financial situation.