Imclone Ex-CEO Waksal to Pay $3 Mln Fine
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Former ImClone Systems Inc. IMCL.O  Chief Executive Sam Waksal has agreed to pay a $3 million civil  penalty to settle charges over the insider trading scandal that  also involved lifestyle entrepreneur Martha Stewart, U.S.  regulators said on Wednesday
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A senior executive at Finland's third largest bank Sampo was handed a fine of 14,624 euros (17,951 dollars) for speeding by the Helsinki appeals court, Finnish media reported.
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The former chief financial officer of Qwest Communications International Inc.  was ordered to pay a total of $577,052 to settle charges that she helped defraud investors of billions of dollars, the U.S. Securities and Exchange Commission said on Friday.
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced yesterday.
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LOS ANGELES - A former executive at mortgage lender Countrywide Financial Corp. was charged yesterday with insider trading after he sold stock before the company disclosed negative earning results three years ago, regulators said.
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Corus is orded to pay over Â£3m in fines and costs for the 2001 explosion which killed three workers at its Port Talbot plant.
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AOL has agreed to pay $3 million in fines to the states plus refunds to customers charged for unauthorized services.
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International Business Machines Corp. said yesterday it will pay at least $300 million to settle part of a lawsuit that claimed the firm&#39;s pension plan discriminated against older workers.
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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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A former chief financial officer at the golf apparel company Cutter &amp; Buck has been sentenced to three months in prison for covering up a multimillion-dollar accounting fraud.
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(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.
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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.
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Legal fees loom as ImClone loses a patent dispute.
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KPMG has received the largest audit fine in the history of the US Securities and Exchange Commission for its role in a company that cost Rupert Murdoch&#39;s News Corporation $6billion (Â£3.
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David Drummond agrees to pay nearly $700,000 in fines for overstating the revenue of an e-learning company while he was its CEO.
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Former Qwest CEO Joseph Nacchio should serve more than seven years for insider trading, prosecutors recommend.
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Invesco Funds Group (IFG) and affiliate AIM are to pay a total of $450m (Â£254m) to settle an improper trading probe. The UK&#39;s Amvescap, which owns both firms, said the two would pay $140m in civil penalties