Ex-Monster CEO to avoid prison time in options case
21641
The former chief of online job search site Monster Worldwide Inc , suffering from a terminal illness, will avoid prison as part of an agreement on Wednesday with U.S. prosecutors probing stock options backdating.
284434
A former top executive of the company that runs the Monster job search website admitted in court yesterday that he illegally backdated millions of dollars in employee stock-option grants -- a practice that cheats shareholders.
48118
A former chief financial officer of information security company SafeNet Inc was sentenced on Monday to six months in prison for manipulating employee stock option grants.
430180
Apple Inc  Chief Executive Steve Jobs has been asked by U.S. securities regulators to give a deposition in a stock options backdating lawsuit against the company's former general counsel, Bloomberg reported on Thursday, citing two people familiar with the matter.
31239
Monster Worldwide said it had dismissed its general counsel as part of its investigation into past stock-option grant practices.
475916
Brocade Communications Systems  Inc's  former CEO was sentenced on Wednesday to 21  months in prison for backdating stock-option grants in a  scandal that has ensnared scores of U.S. companies and led to  billions of dollars of restatements.
254068
Many of the companies that manipulated stock options since 1996 may not face sanctions because of the difficulties in pursuing such cases, said Erik Lie, the influential academic who played a key role in exposing abuse in the area, in a speech in Boston yesterday.
601626
JOHANNESBURG, South Africa -- The fugitive former CEO of software company Comverse Technology Inc. was granted bail by a Namibian court Tuesday while he awaits extradition to the United States to face charges for allegedly manipulating stock options.
281821
A former Brocade Communications Systems Inc. executive who was convicted in a landmark stock options case won't get a new trial, despite a key prosecution witness recanting parts of her testimony, a judge ruled Wednesday.
214940
The former legal counsel for McAfee is facing federal charges of improperly backdating stock options at the security software company.
630480
A former senior vice president of the company that runs the Monster Worldwide Inc. job search Web site told a federal judge on Thursday that he wants to plead guilty.
556033
Apple Inc  Chief Executive  Steve Jobs has been asked by U.S. securities regulators to give  a deposition in a stock options backdating lawsuit against the  company's former general counsel, Bloomberg reported on  Thursday, citing two people familiar with the matter.
272677
BRIDGEPORT, Conn., Jan. 29  â Two former executives were spared prison time on Monday for their roles in an accounting scandal at the Cendant Corporation that cost the company and its investors more than $3 billion.
103181
Conrad Black may have to fight his felony conviction from behind bars if a U.S. judge decides on Thursday he could flee before she sentences the former press baron later this year.
357971
(InfoWorld) - Prosecutors are recommending that former Qwest Communications International chief Joseph Nacchio serve more than seven years in prison for insider trading during the telecommunications boom. Nacchio, who was CEO of Qwest from 1997 to 2002, would serve 87 months plus three years' probation, and pay as much as $19 million in fines, under the recommendation filed Friday by federal attorneys. He wasÂ convicted in federal courtÂ in April of 19 counts of insider trading involving $52 million in stock sales. He was cleared on 23 other insider-trading counts. Following the prosecutors' sentence recommendation to Judge Edward Nottingham of the U.S. District Court for the District of Colorado, in Denver, Nacchio's lawyers on Friday asked for a reduction in the recommended sentence. They cited good works by Nacchio and the possible effect of a long sentence for Nacchio on the health of two of his family members. In their filing, the government's attorneys said Nacchio deserved a sentence at the high end of the scale because of brazen lies to investors, the size of his ill-gotten gains, and other factors. He faces a maximum possible sentence of 10 years in prison and a $1 million fine for each count, plus a forfeiture of assets. Qwest is a regional incumbent telecommunications provider that serves several states in the West and Midwest. Nacchio resigned in 2002 amid concerns from shareholders about his $27 million annual compensation package. In 2005, the U.S. Securities and Exchange Commission charged him and other Qwest executives with fraud, saying they misrepresented one-time sales of network capacity as recurring revenue in order to boost the company's stock price. Nacchio unloaded his own stock while predicting strong growth, all the while knowing about problems with Qwest's performance, the government charged.
537783
InfoWorld - Former Brocade Communications Systems CEO Gregory Reyes has been sentenced to 21 months in prison and a $15 million fine for fraud related to backdating of the storage networking company's stock options.
468588
A federal judge ruled that Gregory L. Reyes, convicted in August of stock-options manipulation, is not entitled to a new trial.