Energy

  • November 23, 2005

    Prosecutors Abandon Andersen Retrial

    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.

  • November 18, 2005

    O2Micro Scores Another Victory In Patent Case

    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.

  • November 15, 2005

    Coal Company Amends Bylaws, Pays $2.5M To Settle

    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.

  • November 15, 2005

    Federal Circuit Erred In Union Carbide, RIM, Eolas: Bar Brief

    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.

  • November 10, 2005

    Acquitted Enron Execs Indicted On New Charges

    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.

  • November 3, 2005

    Harsh Sentences For White-Collar Criminals In Question

    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.

  • November 2, 2005

    SEC Formalizes GE Probe

    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.

  • November 2, 2005

    Qwest To Pay $400M To Settle Class Action Over Fraud

    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.

  • October 27, 2005

    Yukos Sued By U.S. Investors Over Suspected Nationalization

    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.

  • October 17, 2005

    Dinner Conversation With Wife Spawned Insider Trading, SEC Says

    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.

  • October 5, 2005

    Allegheny Energy To Pay $13 Million To Settle 14 Class Action Suits

    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.