Hynix accused of $1.7 billion 1999 accounting fraud
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SEOUL, South Korea - Hynix Semiconductor Inc., formerly Hyundai Electronics, is alleged to have committed an accounting miss-statement of nearly 2 trillion won (about US$1.
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Sun Microsystems Inc. and Unisys Corp. have filed a U.S. lawsuit against South Korea's Hynix Semiconductor Inc., apparently seeking damages related to a federal probe into price-fixing of memory chips, Hynix said Tuesday.
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The software giant agreed to pay $225 million to avoid criminal prosecution in an accounting scandal that has brought down several of its top executives.
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The former chairman of US software firm Computer Associates is charged with securities fraud in connection with a $2.2bn accounting scandal.
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Toshiba has filed patent infringement lawsuits in Japan and the US against South Korea&#39;s Hynix Semiconductor. The suits allege that Hynix violated Toshiba&#39;s patents covering NAND-type flash memory chips.
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Prosecutors have widened a probe into Hynix Semiconductor on suspicion of illegally channeling funds to several of its affiliates via rigging of its accounting books in 1999.
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InfoWorld - California police arrested a man on Tuesday who allegedly sold illegally copied Microsoft and Adobe Systems software on the Internet for seven years, netting him an estimated $750,000.
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Toshiba is taking action to protect its patents. The Japan-based company has accused Hynix Semiconductor of violating seven patents in the United States, including ones for DRAM, and three flash-memory patents in Japan.
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The automaker will take $1 billion charge and pay a total of $7 billion to cover retirement costs for workers at the Delphi Corporation.
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A junior computer whiz at French bank Societe Generale was accused of racking up a $7 billion loss in bad bets on stocks in the biggest trading scandal in banking history.
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Faces fraud charges related to alleged backdating of stock options at the security specialist while it was known as Network Associates.
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Japan's Toshiba Corp. filed patent infringement lawsuits in Japanese and U.S. courts on Monday against South Korea's Hynix Semiconductor Inc., it said Tuesday.
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TOKYO : Japanese electronics giant Toshiba said it was taking legal action against major South Korean microchip maker Hynix in Tokyo and Texas for alleged infringement of Toshiba&#39;s semiconductor memory patents.
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&quot;All administrative work has been completed to sell Hynix&#39;s non-memory chip unit to Citigroup Venture Equity Partners LP,&quot; Hynix&#39;s primary creditor bank said.
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Nine vendors have been charged with  creating false account records in a scheme that allowed U.S.  Food Service Inc., a unit of Dutch retailer Ahold N.V.  AHLN.AS, to inflate earnings by more than $800 million,  federal prosecutors said on Thursday.
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Federal prosecutors charged an ex-partner of McGuireWoods with fraud, claiming that he illegally obtained and sold shares of various companies.
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The former chief executive of software maker Computer Associates International was charged yesterday with securities fraud in a multibillion-dollar accounting scandal, and the company agreed to pay $225 million to stave off criminal charges.