Fair Disclosure - Use the Internet SEC chair Christopher Cox is taking seriously suggestion from Johnathan Schwartz, CEO of Sun Microsystems, to allow companies to use blogs to disseminate regulatory information, technology has developed since rule laid down in 2000 08.11.06 Telegraph, Capital Markets
Sox May See Early Reform Sarbanes Oxley, complex law enacted in response to Enron, is likely to be diluted, even as early as this year, speech by Mark Olson, chairman of the Public Company Accounting Oversight Board (PCAOB) 23.10.06 Guardian, Sarbanes Oxley
Stock Option Net Keeps Spreading Double inquiries by SEC and Justice into backdated stock options, enabling execs to avoid tax and increase bonus payments, keeps getting wider, latest to go are Kenneth Levy, chair of KLA-Tencor, and William McGuire, CEO at United Health 18.10.06 Financial Times, Sarbanes Oxley, Stock Options, US Tax
Backdated Options Class-action firm Bernstein, Litowitz, Berger & Grossmann is representing pension funds in challenging firms under investigation by SEC for backdating stock options, issue seen as test for Milberg, Weiss 24.05.06 Financial Times, Capital Markets, Milberg Weiss
Document Retention A recent case in the US has again spotlighted risks of failing to implement an effective document retention policy. Circuit Court Judge Elizabeth Mass became frustrated at Morgan Stanley's repeated failures to provide copies of the bank's e-mails to Perelman's lawyers 10.06.05 Eversheds, Sarbanes Oxley Links
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Conrad Black Faces Ex-Partner Radler David Radler told Chicago court yesterday that he was guilty of fraud, that he and Conrad Black worked together on all significant business decisions 08.05.07 Guardian, Hollinger
Black Goes Quietly to Court Lord Black slipped quietly into court in Chicago, long way from his notorious flambouyance Times Judge asks potential jurors about their views on money and tax, Black is no celebrity in Chicago NY Times Judge Amy St Eve admonishes Black's lawyer, Edward Greenspan for jokey remarks in NY Times 15.03.07 Guardian, NY Times, Fraud, Hollinger
Last Suit for BP Texas City Settled BP has settled last remaining suit from explosion at Texas City refinery in 2005, Eva Rowe lost both parents in blast, payout was 'very small fraction' of $1.2b claim, included $32m to local colleges 10.11.06 Reuters, BP, Energy Law
CA Chief Faces 12 Yrs Jail for Fraud Ex Computer Associates CEO Sanjay Kumar was sentenced to 12 years prison for role in $2.2b fraud, fined $8m, judge I. Leo Glasser spared him maximum life as he had pleaded guilty 03.11.06 NY Times
Skilling Gets 24 Years Ex Enron CEO Jeffrey K Skilling sentenced to 24 years 4 months, slightly less than 25 years given to Bernard Ebbers of WorldCom, closing chapter in scandal of corporate governance in the US in wake of 2001 equity market fall NY Times Lawyers say sentences too harsh, white-collar criminals denied all mercy 24.10.06 Guardian, Enron
Skilling Sentencing Today Ex-Enron CEO Jeffrey K Skilling faces sentencing today, under tough new guidelines, US District Judge Simeon T. Lake III expected to hand down 25 years, ensuring disgraced executive spends rest of life in prison 23.10.06 NY Times, Enron
Rise of White-Collar Extradition The growing number of UK business people held on remand in US jails has risen dramatically, but the causes are complex, vigour in prosecuting fraud, campaign against online gambling as well as new extraditon treaty Telegraph UK business people awaiting trial in the US 21.09.06 Telegraph, Extradition, Sarbanes Oxley
Quattrone Appeal Appeals Ct has overturned obstruction of justice conviction of ex-CSFB tech analyst Quattrone, admits strength of evidence but condemns judge's comments, fresh trial under new judge ordered 21.03.06 Washington Post
