Google's Chief Legal Officer Slapped With SEC Fines
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Google's chief legal officer was fined by the SEC for overstated revenues when he was CFO at a former company.
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Accepting a cease-and-desist order from the Securities and Exchange Commission, search giant Google Inc. yesterday settled without financial penalty the first SEC complaint ever brought against a company for not registering employee stock options.
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NEW YORK, December 6  - The US Department of Justice has imposed steep fines and announced jail terms for four senior executives of Infineon Technologies (IFX.
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A California-based pornographer said on Monday it has sued Google Inc. (GOOG.O: Quote, Profile, Research) , alleging that its leading Internet search engines are
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In today&#39;s fines, Merrill Lynch &amp; Co. was hit with the second largest, at US$1.6 million, followed by American Express Financial Advisors, at $700,000.
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A senior Walt Disney Co. executive  said she sees limits to how long her company will tolerate  copyright infringement of its programming by users of Google's  online video sharing site YouTube.
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Brocade Communications Systems Inc's  former chief executive Gregory Reyes was fined $15 million on Wednesday for backdating stock option grants.
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By Bloomberg News. A judge dismissed a lawsuit against Lawrence J. Ellison, chief executive of the Oracle Corporation, and Jeffrey O. Henley, its chairman, that accused them of insider trading
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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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A former top lawyer for website Monster pleads guilty to conspiracy and securities fraud regarding stock options.
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Three German executives and an American with microchip giant Infineon Technologies face jail terms and fines under plea agreements to settle a US probe into price-fixing, the Justice Department said.
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The plaintiff in a long-running  trademark infringement lawsuit against Google Inc agreed on  Friday to drop its case targeting the Web search advertising  leader&#39;s core business, according to court filings.
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Leading the charge in Web security at Google, vice president of engineering stands at the forefront of a critical period.
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Google's chief legal officer, David Drummond, has agreed to pay nearly $700,000 in fines to the Securities and Exchange Commission for overstating the revenue of SmartForce PLC while he was the e-learning company's chief financial officer.
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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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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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Microsoft Corp.  Chief  Executive Steve Ballmer on Friday said a complaint lodged by  Google Inc.  was &quot;baseless&quot; as the software company was  complying with a 2002 antitrust settlement.