Attorneys for Enron Corp. founder Ken Lay are one step closer to clearing his name, after a judge permitted the legal team to substitute Lay’s estate for the recently deceased CEO in ongoing criminal proceedings.
Facing criminal charges stemming from an investigation into options backdating, former Comverse Technology CEO Jacob “Kobi” Alexander has fled the country, and is now considered a fugitive by the U.S. government.
The Department of Justice has sentenced an attorney to nearly three years in prison for his role in a kickback scheme involving a fast food chain.
Attorneys for Ken Lay have asked a Texas judge to dismiss the former Enron chief’s conviction in an effort to erase the recently deceased CEO’s criminal record.
After weeks of bickering between prosecutors and former media mogul Conrad Black’s defense team, a U.S. federal judge Thursday raised Black's bond by $1 million in cash to $21 million.
A former secretary for Coca-Cola Co. who was charged with stealing trade secrets and trying to sell them to rival PepsiCo Inc. along with two other defendants has requested she be tried separately.
A New Jersey mail carrier admitted on Friday that after learning of improper accounting at Bristol-Myers Squibb Co. while serving on a grand jury investigation last year, he spilled the beans to two former Goldman Sachs Group Inc. employees.
Martha Stewart settled with the U.S. Securities and Exchange Commission for $195,000 on Monday, thus ending one of the most talked-about legal proceedings in recent memory.
Former HealthSouth CEO Richard Scrushy and former Alabama Governor Don Siegelman think their government-corruption convictions will have a negative effect on the ability of candidates to raise money for campaigns, prompting lawyers for the two men to move to have the guilty verdicts tossed out.
For the first time since the options backdating scandal broke, executives in one technology company have taken the unusual step of paying back what they gained from the controversial practice.
The first two former executives to face criminal charges in the stock option backdating scandal appeared in court for the first time Wednesday, but their attorneys are hoping such court visits will soon be unnecessary.
A federal jury on Tuesday found Robert A. Scavone, Jr., a former trader at Van der Moolen Specialists USA LLC, not guilty of trading ahead of investor orders for his own profit, a process known as front-running.
Former WorldCom Inc. chief executive officer Bernard J. Ebbers lost his bid Friday to have his conviction overturned, one year after being sentenced to 25 years in jail for his role in the securities fraud that brought down the company.
Two former bankers who divulged in federal court the inner workings of a complex, $20 million fraud have been given lenient sentences for their cooperation and won the praise of U.S. Attorneys working on the case.
Federal prosecutors have recommended that the former financial chief of Qwest Communications International Inc. be awarded a lighter sentence for aiding the government in its investigation into the telecommunications giant’s massive accounting fraud scandal.
A federal judge has shot down a bid by Jeffrey K. Skilling to overturn his fraud and conspiracy convictions, giving the green light to federal prosecutors to forge ahead in their case against the former chief executive of Enron Corp.
Kenneth Langone’s attorneys have tried their best to poke holes in New York Attorney General Eliot Spitzer’s case against the Home Depot founder, but to no avail. A judge has refused to remove Langone from a lawsuit filed over former New York Stock Exchange Chairman Richard Grasso’s $187 million pay package.
With the promise of more charges to come, federal authorities filed the first criminal and civil complaints in the growing stock options backdating scandal.
U.S. Securities and Exchange Commission Chairman Christopher Cox announced Monday that the first civil charges would be filed “very soon” in the options backdating scandal that has ballooned to involve dozens and perhaps hundreds of companies.
A jury has convicted two former traders at Van der Moolen Specialists on one count of securities fraud each for their role in a trading scandal at the New York Stock Exchange.