Corporate Fraud News

Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Cadence Design Systems, Inc., Announces Class Action Lawsuit and Seeks to Recover Losses
LOS ANGELES, Nov. 4 // -- Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of a class consisting of all persons or entities who purchased or otherwise acquired the securities of Cadence Design Systems, Inc. ("Cadence" or the ...

RouteOne Announces Availability of Red Flag Toolkit Through AFIP
RouteOne dealers to receive a 40 percent discount on toolkit     FARMINGTON HILLS, Mich., Nov. 3 // -- RouteOne announced today the availability of The 'F&I Manager's Guide to the Red Flag Rule,' in kit form, through the Association of Finance Insurance Professionals (AFIP).     RouteOne dealers will receive 40 percent off ...

Anti-Stem-Cell-Research Ad Ignores Facts
DEERFIELD, Ill., Oct. 23 // -- Opponents of Michigan's stem cell research initiative -- Proposal 2 -- launched an ad yesterday using the tragic and universally reprehensible Tuskegee Experiments as a basis for comparison to stem cell research. This ad is replete with myths and misinformation. Distortions about the nature and regulatory environment for stem cell ...

Tips on Wise Giving: Ensuring Your Contribution Is Used Appropriately
ARLINGTON, Va. and OTTAWA, Oct. 22 /-USNewswire/ -- Donors can help ensure that their charitable gift will be used ethically and effectively by following some easy and common-sense tips and guidelines.     "The last quarter of the year is extremely important for charities. Our studies show that the typical charity receives from one-third to ...

Glancy Binkow & Goldberg LLP, Representing Shareholders of The Spectranetics Corporation, Announces an Expanded Class Period in the Shareholder Lawsuit
    LOS ANGELES, Oct. 20 // -- Glancy Binkow & Goldberg LLP - representing shareholders of The Spectranetics Corporation - announces that the Class Period has been expanded in the shareholder lawsuit filed in the United States District Court for the District of Colorado. All persons or entities who purchased or otherwise acquired the securities of ...

Buchanans Financial Crisis Team Hosts Webinar: A Multi-level Examination of Our Economic Predicament
WASHINGTON, Oct. 13 /-USNewswire/ -- Buchanan Ingersoll & Rooney PC is hosting a webinar on Tuesday, October 21, from noon to 1:30 p.m., to discuss issues pertaining to the nation's current financial situation from multiple perspectives.     The panel will be facilitated by the firm's Financial Crisis Team chair, Frank A. Mayer III, who spent six ...

UNITE HERE Calls On Apple Employees to Assist in Any SEC Investigation:
Apple Reveals New Product, But What About Last Year's Problem?     CUPERTINO, Calif., Oct. 14 /-USNewswire/ -- Labor union UNITE HERE will join Apple at its Cupertino headquarters today as the company unveils its latest product. But UNITE HERE will seek revealing information about last year's laptops. Last Friday, Apple announced what many ...

Glancy Binkow & Goldberg LLP - Representing Shareholders of Quest Resource Corporation and Quest Energy Partners, L.P. - Announces Update to Shareholder Lawsuit
LOS ANGELES, Oct. 10 // -- Glancy Binkow & Goldberg LLP -- representing shareholders of Quest Resource Corporation and Quest Energy Partners, L.P. -- announces 25 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons who purchased the common units of Quest Energy Partners L.P. ("Quest Energy" or the "Company") (Nasdaq: QELP) pursuant ...

Court Finds Exxon Ignored Asbestos Warnings, Imperiled Workers
Verdict Upheld on Appeal for Mesothelioma Victim's Family, Announces Baron     & Budd, P.C.     BATON ROUGE, La., Sept. 29 // -- Although company officials were aware of the dangers of asbestos in their Louisiana riverboats, chemical plants and oil refineries as early as 1937, Exxon Mobil Corporation ...

Bally Technologies Announces Settlement With Securities and Exchange Commission Over Investigation
LAS VEGAS, Sept. 24 Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, casino management systems, and networked solutions for the global gaming industry, today announced that the Securities and Exchange Commission (SEC) has approved a settlement with the Company concerning the SEC's investigation of Bally's historical revenue ...

Republican National Committee: Always For Less Regulation?
WASHINGTON, Sept. 19 /-USNewswire/ -- The following is an excerpt of an editorial from The Washington Post, and is being released today by the Republican National Committee:     (LOGO: http://www.newscom.com/cgi-bin/prnh/20080519/RNCLOGO )     TO LISTEN to Sen. Barack Obama, Sen. John McCain is a Johnny-come-lately to the cause ...

AMN Healthcare, OGPI Endorse AcademyHealths Code of Conduct for Recruitment of Foreign-Educated Nurses
SAN DIEGO, Sept. 17 // -- AMN Healthcare, the largest healthcare staffing company in the United States, and its international division, O'Grady Peyton International (OGPI), today announced AMN's endorsement of a Code of Conduct for the recruitment of foreign-educated nurses to the United States.     A task force, including AMN and OGPI, along with ...

Baron & Budd Prevails in Case Against Manufacturers of Atrazine
DALLAS, Aug. 25 // -- Scott Summy of Baron & Budd, as co-lead counsel, and Steve Tillery of Korein Tillery have won a major legal battle in what will most likely become a harbinger of detection and clean-up of America's public water supply. Summy and Tillery are representing a public drinking water provider in Illinois whose water supplies are contaminated with the ...

SkillSoft Reports Second Quarter Fiscal 2009 Results and Raises Full Year Fiscal 2009 Financial Targets
- Second Quarter Revenue of $83.3 Million and Net Income of $12.9 Million     - Second Quarter Diluted EPS of $0.12     - Second Quarter Adjusted EBITDA of $28.8 Million - Reduced Debt by $30.5 Million in the Second Quarter and Repurchased 1.5     Million Shares for $15.0 ...

Jury Awards Mount Vernon Man $40.1 Million After Medical Device Chars Heart
Manufacturer Edwards Lifesciences attempted to hide dangers of defective     product.     EVERETT, Wash., March 10 // -- A Snohomish Superior Court jury today awarded a Mount Vernon, Wash. man and his family $40.1 million after his heart was irreparably burned by a medical device the manufacturer knew ...

CSC Announces Completion of SEC Investigation
EL SEGUNDO, Calif., Nov. 26 Computer Sciences Corporation (NYSE: CSC) today announced it has been notified by the staff of the Securities and Exchange Commission (the "SEC") that the SEC's investigation into CSC's stock option grant practices has been completed, and that the staff does not intend to recommend any enforcement action by the SEC against ...

NVIDIA Announces Termination of SEC Investigation Regarding Historical Stock Option Grant Practices
SANTA CLARA, Calif., Oct. 30 NVIDIA Corporation (Nasdaq: NVDA) today announced that the Securities and Exchange Commission (SEC) has formally notified NVIDIA that the SEC investigation related to NVIDIA's historical stock option grant practices has been terminated. No enforcement action has been recommended.        About ...

GlobeTel Receives Wells Notice; Provides Additional Information
FORT LAUDERDALE, Fla., Oct. 12 GlobeTel Communications Corp. (Pink Sheets: GTEM) today announced that the Company received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC). The Wells Notice stems from a previously disclosed SEC investigation of certain activities having taken place within the Company. The notice was directed solely to the ...

Being Socially Responsible Has a Positive Impact on Employees as Well as Their Local Communities and the Environment
- Research from the Kenexa Research Institute Examines Employees' Views of     Corporate Social Responsibility -     WAYNE, Pa., Oct. 4 Research conducted by the Kenexa Research Institute (KRI), a division of Kenexa(R) (Nasdaq: KNXA), a leading provider of talent acquisition and retention solutions, ...

Sandler Communications Inc. Organizes Successful Acquisition of Reality Racing Inc. in Response to Shareholder Activism
HOUSTON, Oct. 2 // -- Sandler Communications Inc. has confirmed that its investor group has taken controlling interest in Reality Racing Inc. (Pink Sheets: RRGI), following the successful transfer of 61,000,000 shares of Reality Racing Inc. stock and letters of resignation from the Company's former principals Patrick & Lee Schaefer and Craig Leitner. Sandler ...

Integrated Electrical Services Announces Settlement With SEC
HOUSTON, Aug. 31 Integrated Electrical Services (Nasdaq: IESC) announced today that it has reached a civil settlement with the U.S. Securities and Exchange Commission (SEC) that will conclude all issues regarding the previously disclosed SEC formal investigation initiated in December 2004 and the Wells Notice sent to the Company on April 20, 2006. The settlement does ...

Three Former Enterasys Executives Sentenced on Fraud, Conspiracy Charges
WASHINGTON, Aug. 30 /-USNewswire/ -- Three additional former Enterasys Networks, Inc. executives have been sentenced to prison terms for their roles in an accounting fraud conspiracy at the computer network company formerly based in Rochester, N.H., Assistant Attorney General Alice S. Fisher of the Criminal Division and Acting U.S. Attorney Joseph N. Laplante for the ...

Ignorance Isnt Bliss: Tepper School of Business Study Shows Unethical Conduct Often Inadvertently Overlooked
Research Shows How 'Boiling Frog Syndrome' Is Recipe for Unintentional     Misconduct (For "Slippery Slope" podcast with Dr. Francesca Gino of the Tepper School,     please visit the Tepper School of Business website,     ...

MetLife Is Sole Sponsor of 2007 American Business Ethics Awards
NEWTOWN SQUARE, Pa., Aug. 27 /-USNewswire/ -- The Foundation for Financial Service Professionals has announced that MetLife, Inc. will be the sole sponsor of the 2007 American Business Ethics Award (ABEA). The annual award program recognizes companies that exemplify high standards of ethical behavior in their everyday business conduct as well as in response to specific ...

Brocade Reports Third Quarter Fiscal Year 2007 Results
Margin Expansion Drives Improved Profitability     SAN JOSE, Calif., Aug. 23 Brocade(R) (Nasdaq: BRCD), the leader in networked storage solutions that help enterprises connect and manage their information, today reported financial results for its third quarter of fiscal year 2007 (Q3 07), which ended July 28, 2007. Revenues for Q3 07 ...

S&P Launches Two New Indices Comprised of 5-STARS and 4-STARS Stocks
New Indices Launched as Part of S&P STARS Index Family     NEW YORK, Aug. 23 Standard & Poor's Index Services, the world's leading index provider, announced today the launch of two new indices that provide investors with exposure to the top stock picks of Standard & Poor's Equity Research analysts in Europe and the United States. The S&P ...

Deloitte Financial Advisory Services CEO Frank Piantidosi Joins Board of Transparency International-USA
NEW YORK, Aug. 22 // -- Frank Piantidosi, Chairman and CEO of Deloitte Financial Advisory Services LLP (Deloitte FAS), has been elected to the board of directors of Transparency International-USA, the American chapter of Transparency International, a Berlin-based non-profit and non-partisan organization founded in 1993 to curb corruption in international business and ...

Integrated Electrical Services Reports Fiscal 2007 Third Quarter Results and Announces Operational Restructuring Initiative
Reports Diluted EPS of $0.08     HOUSTON, Aug. 13 Integrated Electrical Services, Inc. (Nasdaq: IESC) today announced net income of $1.2 million and diluted earnings per share of $0.08 for the fiscal 2007 third quarter ended June 30, 2007. The company also announced that it has commenced restructuring its operations into three ...

SIRVA Reports Results for the Second Quarter and Six Months Ended June 30, 2007
CHICAGO, Aug. 9 SIRVA, Inc. (NYSE: SIR), a global relocation services provider, today reported second-quarter and six- month results for the period ended June 30, 2007.    Highlights    -- Improvement in quarterly operating income from continuing operations     -- Robert W. Tieken appointed Chief Executive ...

Cardinal Health Reports Fourth-Quarter, Year-End Results
* Full-year revenue increases 9 percent to $87 billion; earnings per share from continuing operations decline to $2.07, but rise 20 percent to $3.42     on a non-GAAP basis * Fourth-quarter earnings from continuing operations decline 22 percent to $238 million, $0.61 per share, primarily due to merger-related charges ...

Former Qwest Chief Executive Officer Joseph Nacchio Sentenced to 72 Months in Prison for Insider Trading
WASHINGTON, July 27 /-USNewswire/ -- Joseph P. Nacchio, 57, the former chief executive officer of Qwest Communications International Inc., was sentenced to 6 years in prison for insider trading, the Justice Department announced today.     Chief U.S. District Judge Edward Nottingham for the District of Colorado also ordered Nacchio to pay a $19 ...

Cardinal Health Announces Resolution of SEC Investigation; U.S. Attorneys Office Closes Related Inquiry
DUBLIN, Ohio, July 26 Cardinal Health today announced a final settlement with the Securities and Exchange Commission (SEC) that concludes with respect to the company an investigation related to its historical financial reporting and disclosures from 2000 to 2004. In addition, the company said a related inquiry being conducted by the U.S. Attorney's Office for the ...

Sunrise Announces Exploration of Strategic Alternatives
Provides Update on Pending Restatement and Related Matters     Provides Update on Legal Proceedings in Form 8-K Filing     MCLEAN, Va., July 25 Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that its board of directors has decided to explore strategic alternatives intended to enhance shareholder ...

Ontario appoints Justice Sidney B. Linden Conflict of Interest Commissioner
QUEEN'S PARK, July 26 - - Government Services Minister Gerry Phillips today announced the appointment of Justice Sidney B. Linden as Ontario's new Conflict of Interest (COI) Commissioner, July 30, 2007. The position of Conflict of Interest Commissioner administers the conflict of interest provisions of the Public Service of Ontario Act 2006 (PSOA), passed ...

BusinessWeek Appoints Ellen Joan Pollock as Executive Editor of BusinessWeek Magazine
NEW YORK, July 9 // -- BusinessWeek announced today that Ellen Joan Pollock has been named Executive Editor of BusinessWeek magazine. In her new role, Ms. Pollock will be responsible for the editorial operations of BusinessWeek's global print edition. She succeeds John Byrne, who was named Executive Editor/Editor-in-Chief of BusinessWeek.com in ...

Ceridian comments on Pershing Square letter
MINNEAPOLIS, MN, June 13 - - Ceridian Corporation (NYSE: CEN) today commented on a letter filed by Pershing Square Capital Management, L.P. related to the previously announced definitive merger agreement under which Ceridian will be jointly acquired by Thomas H. Lee Partners, L.P. ("THL Partners") and Fidelity National Financial, Inc. (NYSE: FNF) ("FNF") in ...

Brocade Announces Final Settlement With the Securities and Exchange Commission
SAN JOSE, Calif., May 31 Brocade(R) (Nasdaq: BRCD), the leader in networked storage solutions that help enterprises connect and manage their information, today announced that the Commissioners of the Securities and Exchange Commission (SEC) have authorized the final settlement between the Company and the SEC regarding the previously- disclosed SEC investigation of the ...

Shareholder Calls on Sunrise to Replace Outside Board Members as SEC Begins Formal Investigation
Independent Directors Needed in Heated Acquisitions Market     WASHINGTON, May 29 // -- The SEIU Master Trust, a shareholder of Sunrise Senior Living, Inc., is calling on the company's Board to remove its outside directors and replace them with truly independent directors who have the range of abilities and experiences necessary to rectify ...

Sunrise Announces Update On SEC Investigation
MCLEAN, Va., May 29 Sunrise Senior Living, Inc. (NYSE: SRZ), today announced that on May 25, 2007 it was advised by the staff of the Securities and Exchange Commission (the "SEC") that the SEC has commenced a formal investigation. Sunrise previously announced on December 11, 2006 that it had received a request from the SEC for information about insider stock sales, ...

Bristow Group Reports Record Fiscal 2007 Fourth Quarter and Year-end Financial Results
HOUSTON, May 22 Bristow Group Inc. (NYSE: BRS) today reported record financial results for its fiscal 2007 fourth quarter and year ended March 31, 2007.    Highlights include:    For the fiscal year ended March 31, 2007:     -- Bristow's results were the highest ever in the Company's history ...

S&P Equity Research Sees Box-Office Momentum for Movie Industry Fueled by Spring/Summer Sequels
Industry's Hot Start to 2007 Summer Season Likely to Continue with More     Blockbusters Expected     NEW YORK, May 18 // -- The bright lights of Hollywood may be shining the way to promising returns for the movie industry, according to Standard & Poor's Equity Research Services. The industry might be ...

Consumer Advocates Demand Details Withheld of Lobbying by Enron Banks of SEC Chair Cox
FOIA-Obtained Emails Reveal Merrill Lynch Rep. Requested Meeting With Cox     SANTA MONICA, Calif., May 17 /-USNewswire/ -- Consumer advocates appealed a partial response to a Freedom of Information Act (FOIA) request today and demanded full disclosure of lobbying by Enron bankers of the Securities and Exchange Commission (SEC) and Chairman Christopher ...

Covansys Reports First Quarter 2007 Results
SEC Staff to Recommend to SEC that Investigation be Terminated and no     Enforcement Action be Taken Against the Company     FARMINGTON HILLS, Mich., May 7 Covansys Corporation (Nasdaq: CVNS), a global consulting and technology services company, today announced its financial results for the first quarter ended March 31, ...

Piedmont Natural Gas Receives Ethics in Business Award
CHARLOTTE, N.C., April 27 At its annual Ethics in Business Award Ceremonies on April 26, 2007, the Charlotte Chapter of the Society of Financial Service Professionals awarded Piedmont Natural Gas (NYSE: PNY) with its 2007 Ethics in Business Award in the large business category. Past recipients of this award include General Dynamics Armament & Technical Products, ...

Dell President, COO Kevin Rollins Calls on Businesses to Go Beyond Corporate Governance Reforms
Dell President, COO Kevin Rollins Calls on Businesses to Go Beyond Corporate Governance Reforms 'Trust must be earned. It can't be legislated,' the newly appointed CEO of Dell said.Round Rock, Texas, May 5, 2004 Dell President and Chief Operating Officer Kevin Rollins called on business leaders to adopt a higher level of ethics and integrity in order to ...

 

 

 


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