PBHG Funds, Founders Settle Charges
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The founders of the PBHG mutual funds agreed to pay &#36;160 million in restitution and civil fines, and to accept a lifetime ban from the securities industry to resolve allegations they facilitated improper trading in the funds, regulators said on Wednesday.
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(InfoWorld) - Hewlett-Packard Co. (HP) agreed to a US$14.5 million settlement in the California civil lawsuitÂ related to the company's spying scandal. Under terms of the settlement with the California attorney general, HP will pay $13.5 million to create a "Privacy and Piracy Fund" for law enforcement activities related to privacy and intellectual property rights operated in the state Attorney General's Office. The company will also pay $650,000 in civil penalties and $350,000 to cover expenses of the investigation, California Attorney General Bill Lockyer announced Thursday afternoon. HP executives and private investigators retained by the company still face criminal charges in the scandal, which involves the alleged use of "pretexting," or pretending to be someone to obtain their personal phone records.
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The founders of peer-to-peer file-sharing service eDonkey and its parent company, MetaMachine, said theyll pay $30 million to record companies to settle a copyright infringement case.
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A stock brokerage firm and two mortgage companies have agree to pay a total of more than $420,000 to&#160;settle claims that they had unlicensed software&#160;on their computers, the Business Software Alliance (BSA) announced Tuesday.
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The Boston investment firm Adams, Harkness Inc. will pay $575,000 to settle charges that it failed to disclose it was paid by investment banks to write research reports on the banks' underwriting clients, regulators said yesterday. Adams, Harkness also failed to preserve copies of internal e-mails as required by law, they said.
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The PIMCO mutual fund group&#39;s adviser and two affiliates will pay $11.6 million to settle US Securities and Exchange Commission charges involving improper &quot;revenue-sharing&quot; payments to brokers, said a source familiar with the case
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Massachusetts gets a $5 million settlement as the fund firm admits that an investor engaged in market timing.
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The Bisys Group agreed to pay $25 million in restitution to settle accusations that it had violated financial reporting rules in a way that inflated earnings by $180 million over three years.
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The California Public Employees' Retirement System, the largest US pension fund, agreed to disclose the fees it pays to venture capital and hedge fund managers as part of a legal settlement.
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WASHINGTON -- The two founders of the Pilgrim Baxter mutual fund family have agreed to pay $80 million each to settle regulators' charges of improper trading to benefit themselves and friends at the expense of longer-term shareholders, the authorities said yesterday.
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MF Global agreed  to pay more than $77 million to settle federal charges it had failed to watch over a hedge fund charged with fraud.
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Hewlett-Packard has settled a U.S. Securities and Exchange Commission investigation regardingÂ the resignation of Tom Perkins from its board.
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First Command Financial Services, one of the best-known companies marketing financial products to military families, agreed yesterday to pay $12 million to settle accusations that it
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Gary Pilgrim and Harold Baxter, co- founders of the money management firm Pilgrim Baxter &amp; Associates Ltd., agreed to pay record fines of $80 million each to settle regulators&#39; complaints
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Two companies that manage and market Franklin Templeton mutual funds have agreed to pay a total of $20 million to settle federal regulators' charges that they failed to disclose their use of fund assets to pay brokerages for steering customers to the funds.
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Two units of mutual fund company Franklin Resources Inc.  agreed to pay &#36;20 million in civil penalties to settle charges that they used fund assets to pay for marketing and failed to adequately tell investors, federal regulators said on Monday.
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Michael Douglas has settled his lawsuit against two Florida companies that he alleged improperly used his name and image to promote their own products and services.