A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.
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Archive for the Category »05 Insider «
Category: 05 All Articles, 05 Compliance, 05 Insider
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November 23, 2005 — Eight senior executives of embattled retailer Saks Inc., including the chief executive and two directors, have dumped more than $37 million of the company’s stock in recent days, according to regulatory filings. The insider sales by a broad swath of Saks’ management team, coming days after the company reported lukewarm quarterly earnings and while the stock is off its high, presented a troubling sign to analysts.
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Category: 05 All Articles, 05 Insider, 05 Private Label
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NYSE Chairman Marshall Carter, along with the rest of the NYSE board, its Chief Executive John Thain and several Goldman Sachs (nyse: GS – news – people ) bankers are slated to testify regarding the New York Stock Exchange merger and its restructuring.
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Category: 05 All Articles, 05 Insider, 05 Research
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SHELL, we were told by the Financial Services Authority last summer, was guilty of “unprecedented misconduct”. For five years, from 1998 to 2003, the company had repeatedly misled shareholders over its oil and gas reserves. It was so culpable that the regulator felt it had no choice but to fine it a then-record £17 million.
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Category: 05 All Articles, 05 Insider, 05 Research, 05 Worldwide
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All California Good Guys stores close, while home entertainment products and expertise expand within CompUSA locations. In response to consumer buying preferences and demands, Good Guys is closing the doors to its 46 locations. n According to GoodGuys.com “After more than 30 years of providing the best in high-end entertainment products, along with unmatched service and support, our freestanding stores are closing, and the Good Guys web site is no longer available for transactions.”
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