The U.S. Securities and Exchange Commission settled civil charges Wednesday with William F. Sorin, the former general counsel of Comverse Technology, Inc., over an alleged scheme to backdate stock option grants.
Rival printer manufacturers have reached a $525,000 settlement over a top executive who allegedly violated his non-compete agreement by making a jump between companies.
Micron Technology Inc. followed in its competitors’ footsteps on Tuesday, becoming the latest company to settle allegations that it conspired to fix prices of DRAM products.
Chinese chip designer Actions Semiconductor Co. Ltd. has asked an appeals court to review a ruling against it by the U.S. International Trade Commission, marking the latest development in its drawn-out patent war with SigmaTel Inc. over digital audio processing technology.
Things are looking bright for Philips Lumileds after an administrative law judge of the US International Trade Commission awarded it a favorable ruling in its current patent litigation against Taiwanese company Epistar Corp.
Embroiled in a lawsuit over options backdating, software company McAfee Inc. will extend the exercise period for several of its stock options grants and record a charge that will affect the results of several fiscal quarters.
A former CEO of Aspen Technology has been charged with accounting fraud in a scam to artificially inflate the company’s revenues to meet targets and earn a promotion.
The director of the internal team tasked with investigating alleged stock options backdating at computer giant Apple Inc. once headed the committee that approved the options in question, a conflict of interest that could have disqualified him from the position.
The Supreme Court on Monday declined to hear an appeal by EchoStar Communications Corp., forcing the satellite company to comply with an appeals court order barring it from providing local television programming to subscribers outside of local areas.
An audio conferencing technology company filed a suit against two companies and two individuals, one a former employee, last Wednesday, claiming misappropriation of trade secrets and breach of contract.
Former Qwest CFO Robin Szeliga, who had already pled guilty to one criminal count of insider trading, has now settled with the Securities and Exchange Commission over her role in the company’s massive accounting fraud.
A Texas-based investment company has decided to stick it to Microsoft Corp., Nintendo Co. Ltd. and Sony Corp., filing a lawsuit against the three video console producers over a patent for a low-voltage joystick port.
Motorola Inc. was ordered Monday to pay $17 million in costs and attorneys’ fees in a drawn-out trade secrets case in Florida state court. But bigger sanctions still loom, after the judge found that Motorola’s lawyers broke court rules, according to plaintiffs’ attorneys.
Motorola Inc. was ordered Monday to pay $17 million in costs and attorneys’ fees in a drawn-out trade secrets case in Florida state court, but bigger sanctions are looming after the judge found Motorola’s lawyers broke court rules, according to plaintiffs attorneys.
A fresh class action has taken aim at Nvidia Corp., ATI Technologies Inc. and Advanced Micro Devices Inc., just a few weeks after the three graphics chip companies were slammed with five class actions over alleged anti-competitive activities.
Two creditor groups involved in the bankruptcy proceedings of Adelphia Communications Corp. have objected to the order confirming the company’s reorganization plan, questioning some of the provisions included in the ruling.
Bear Stearns & Co. Inc. and KPMG LLP, two companies that helped steward Silicon Graphics Inc. through Chapter 11, have asked a bankruptcy judge to approve fee and expense requests totaling more than $5 million for the period leading up to Silicon Graphics’ plan confirmation on September 19.
A district court judge has dismissed several claims in a securities class action suit that accuses software developer Retek Inc. of misleading investors.
A civil lawsuit against Apple Computer has raised new questions about the company’s stock options practices and Chief Executive Steve Jobs’ possible role in the unfolding backdating scandal.
An age discrimination lawsuit filed against a Silicon Valley company is the latest to take on the high-tech industry's alleged bias against older, more experienced employees.