Janus reaches SEC settlement
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Janus Capital Management agreed Wednesday to pay $100 million to settle allegations by the US Securities and Exchange Commission that the mutual fund company permitted &quot;market timing,&quot; a trading practice at the heart of the mutual fund scandal.
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Sun Microsystems has settled a patent suit brought by Eastman Kodak relating to Java software, agreeing to license Kodak&#39;s patents for $92m.
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IBM on Wednesday said it has settled  portions of an ongoing lawsuit related to its pension plan and  said the potential liability for the other claims that remain  on appeal is capped at $1.4 billion.
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Two big US brokers have agreed to pay fines of USD100m to the market&#39;s watchdog for hyping stock. They have agreed the fines with the Securities and Exchange Commission (SEC) for &quot;inappropriate analysis of stocks&quot;.
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IBM will pay out $320 million to settle part of a class-action lawsuit relating to its pension plan. The settlement does not, however, address the critical issue of whether the companyâs controversial cash
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By Therese Poletti, San Jose Mercury News, Calif.  SJ-0524-Hewlett-Packard-probe-by-SEC-is-settled   Hewlett-Packard probe by SEC is settled   Therese Poletti  San  Jose Mercury News, Calif.
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David Li, a former Dow Jones board member, has agreed to pay an $8.1 million civil penalty to settle charges of insider trading related to News Corp.âs  buyout offer, the S.E.C. said.
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General Electric Co. yesterday agreed to a settlement with the Securities and Exchange Commission, which accused the company of failing to provide shareholders with enough information about the retirement perks provided to former chief executive Jack Welch.
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$222.5 million -- in an ongoing securities class action lawsuit against Enron Corp. The settlement, announced Friday and
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The IT vendor agrees to pay more than $200 million to avoid criminal prosecution in an accounting scandal. Also: PeopleSoft strengthens ties with IBM & hellip;. eMusic gets a facelift & hellip;. and more.
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Eastman Kodak Co., poised to ask for more than &#36;1 billion in damages from Sun Microsystems Inc., has reached an out-of-court settlement in a long-running patent dispute over the Silicon Valley company's Java programming language.
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Company says its chief executive reached a settlement with the SEC over allegations of securities violations in the trading of SINA stock.
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NEWARK, NJ -- Three companies have agreed to pay $50 million to settle charges they defrauded investors in Pimco Funds by not disclosing a market timing arrangement.
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Two California technology companies resolved civil charges related to tampering with stock option awards, agreeing to hand over millions of dollars, the first financial penalties that regulators have imposed in a vast corporate-pay investigation.
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(InfoWorld) - Brocade Communications Systems has agreed to pay a $7 million penalty to settle charges of stock-option backdating fraud. The payment will settle a civil action brought by the U.S. Securities and Exchange Commission and comes with a permanent injunction against the storage networking company not to break various accounting laws. The SEC's action, announced Thursday, signals that the agency will take strong action against companies accused of backdating fraud. Scores of high-tech companies have either come under federal investigation or started their own probes related to the practice. Former Brocade executives granted tens of millions of stock options to employees and falsified the dates of those grants so that they could hide the cost of the options from shareholders, the SEC charged. Brocade did not admit to or deny the charges. The settlement concludes the SEC action, and Brocade said it does not expect the Department of Justice to take any action against it. "Falsifying compensation expenses is no less misleading to investors than falsifying revenue," said Linda Chatman Thomsen, director of the SEC's enforcement division, in a statement. Brocade's former chairman, president and CEO, Gregory Reyes, as well as former human resources chief Stephanie Jensen and former Chief Financial Officer Antonio Canova, were charged last July with fraud and other securities law violations. "The SEC will use all the weapons in our arsenal, including significant corporate penalties, to protect investors and combat fraudulent stock option backdating," SEC chairman Christopher Cox said in a statement. Backdating is legal and was a common practice in the fevered high-tech job market of the late 1990s as vendors competed for talent with attractive financial packages. But some of the biggest names in IT, including Apple, Broadcom, and McAfee, have been hit by concerns over how they carried it out.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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RS Investments, a $6.7 billion money manager based in San Francisco, said Wednesday it had settled US and state allegations of improper trading by agreeing to pay $30 million in fines and reduced management fees.
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Corrects headline and story to show that settlement has been reached; adds dropped word "million" in paragraph 2