Ex-Tyco CEO Told Employees 'To Be Honest,' Lawyer Says
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Two former top Tyco International executives who are accused of embezzling hundreds of millions of dollars earned every penny they got from the company and never acted with criminal intent, defense lawyers told jurors Thursday.
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The former chief executive of PeopleSoft Corp., who was fired last week, said he lied to Wall Street analysts last year about the impact of Oracle Corp.'s hostile bid on the company's business.
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The former chief executive of Brocade Communications Systems Inc. vouched for his co-defendant in a closely watched stock options backdating case, asserting in documents unsealed Wednesday that she didn't know she was executing improper transactions.
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A tobacco industry lawyer  acknowledged on Wednesday that some executives may have acted  wrongly, but said cigarette companies have never engaged in a  conspiracy to mislead the public about the dangers of smoking.
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If "it sounds like you are being offered a panacea, then it's time to change the conversation," says an exec for the firm.
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Cigarette companies have been honest in highlighting the "dangerous" risks of smoking, a lawyer for the tobacco industry has told a US court.
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In his first extensive interview since he was charged more than two years ago with stealing hundreds of millions of dollars from Tyco, L. Dennis Kozlowski said that he was innocent and that the public perception of him was misguided.
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Law &amp; Order: Pharmaceutical Unit. Merck (nyse: MRK - news - people ) Chief Executive Raymond V. Gilmartin may testify in some of the many lawsuits filed over the Vioxx recall, a company lawyer said.
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The former chief executive and others were accused of committing accounting fraud to meet earnings forecasts and investor expectations.
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L. Dennis Kozlowski declared his innocence in his first extensive interview since he was charged with stealing hundreds of millions of dollars from Tyco.
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New York Stock Exchange lawyers must  give former chairman Richard Grasso's legal team a confidential  report describing how he amassed his controversial $188.5  million pay package, a judge ruled late on Tuesday.
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Two former Tyco International Ltd.  TYC.N executives systematically looted the conglomerate by  stealing over $150 million from shareholders, a prosecutor said  in opening statements at their retrial on Wednesday.
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Business & money: Â· Former Independent chief denies fraud chargesÂ· Company's accounts were a 'mystery quagmire'
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Martin E. Weisberg, a corporate lawyers accused of participating in a $55 million stock fraud scheme, has been forced to resign from Baker & McKenzie, the firm said in a statement Thursday. Federal prosecutors and the Securities and Exchange Commission have charged Mr. Weisberg with participating in a fraud and money-laundering operation involving two companies, Xybernaut [...].
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HOUSTON, Texas - A former Enron accountant testified this week that he knew an arrangement to temporarily sell Merrill Lynch some barges just to boost Enron&#39;s bottom line was wrong and he planned to lie about it if confronted.
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A top lawyer for President Bush's re-election campaign has been providing legal advice to the group that has accused Democrat John Kerry of lying about his Vietnam War record, informed sources said on Tuesday.
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Business & money: Ill-judged comments saw deluge of customers reclaiming bank charges, says lawyer