Newmont Considers Suit Over Jailed Execs
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Newmont Mining Co. officials said Wednesday they are considering a lawsuit against Indonesian police over the jailing of five company executives during a pollution investigation.
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By James Daley in London and Katherine Griffiths in New York. Three former NatWest bankers who are fighting extradition to the US over their alleged involvement in a Â£4m fraud linked to the collapse of Enron
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An Indonesian judge delivered a ruling Thursday in favor of Newmont Mining Corp. and six employees under investigation for polluting a fishing bay, but how the action will affect the government&#39;s case against the men was unclear.
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Indonesian prosecutors said on Tuesday  they would file charges against six executives from the world's  largest gold miner, Newmont Mining Corp., over a controversial  pollution case being closely watched by foreign investors.
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A Scottish businessman challenges moves to extradite him to the US to face charges linked to the collapse of energy giant Enron.
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Newmont Mining Corp. is suing three environmental activists in Indonesia, claiming they falsely accused the company&#39;s gold mining operations there of causing disease and death.
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Federal prosecutors are planning a fresh indictment in a case that involves tax shelters sold by the accounting firm Ernst & Young.
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Defendants on trial in the first Enron  Corp. criminal case may seek to call former Enron Corp.  ENRNQ.PK financial mastermind Andrew Fastow as a witness to  aid their defense, according to documents submitted by defense  lawyers on Friday.
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Labor groups and plaintiffs' lawyers sounded alarms yesterday over upcoming court filings in a case that could determine whether investors in Enron and other fraud-ridden companies can recover money from investment banks.
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The top three executives of the American Stock Exchange may face civil charges for failing to properly enforce the exchange's rules.
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JAKARTA (Dow Jones)--US mining giant Newmont Mining Corp. (NEM) is preparing a legal defense of five executives who face possible criminal charges related to the alleged dumping of toxic wastes by the company&#39;s Indonesian unit, a company executive said.
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Securities regulators told the mortgage giant Wednesday that they are considering civil charges for alleged manipulation of the company's reported earnings.
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Federal securities regulators are considering civil charges against former Lucent Technologies Chief Executive Richard McGinn and two ex-employees for their alleged role in a bribery scheme to win contracts for the company in Saudi Arabia.
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Defendants on trial in the first Enron Corp. criminal case may seek to call former Enron Corp.  financial mastermind Andrew Fastow as a witness to aid their defense, according to documents submitted by defense lawyers on Friday.
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he Van Eck Associates Corporation, a manager of the Van Eck mutual funds, has said the Securities and Exchange Commission may seek civil penalties against it and two executives in connection with improper trading.
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Three former bankers are due in court to face an extradition hearing in connection with the collapsed energy giant Enron.
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(InfoWorld) - A civil lawsuit accusing Henry Nicholas III, the former president and CEO of Broadcom Corp., of mistreating employees, using illegal drugs and paying for prostitutes, has reportedly caught the attention of U.S. law enforcement officials investigating stock options backdating at the company. Nicholas, who resigned from Broadcom in January 2003, is the target of a civil lawsuit brought by cousins Kenji and Scott Kato, both former employees of Nicholas. The lawsuit, filed in November in Superior Court of California for the County of Los Angeles, alleges that Nicholas and his lawyers reneged on a settlement for wrongful termination and other claims. The Wall Street Journal reported Friday that the U.S. Attorney's Office for the Central District of California, which is investigating stock options backdating at Broadcom, has begun looking into the Katos' claims. The U.S. Federal Bureau of Investigation interviewed Kenji Kato in April, and this week, it began interviewing other Nicholas employees, the news report said. Kenji Kato's lawyer, Joseph Kar, declined to comment on the U.S. Attorney's interest in the case. A spokeswoman for the U.S. Attorney's office didn't immediately return a phone call seeking comment on the investigation. Broadcom, a chip maker for communications devices, announced in January it would take a $2.24 billion charge for stock options backdating. Broadcom said it found options for 232.9 million shares of company stock that had been backdated, with 9.7 million of those shares going to executive officers. Kenji Kato, who describes himself in court documents as a former personal assistant of Nicholas', said Nicholas and his lawyers offered him a settlement of more than US$2.9 million in November, then withdrew it. Kato had accused Nicholas of wrongful termination, breach of contract and infliction of emotional distress, among other things. Kenji Kato worked for Nicholas from October 1999 to April 2006, and during much of that time, Nicholas threw wild parties and regularly used illegal drugs such as cocaine, according to a court filing from May. While at Broadcom, Nicholas hired prostitutes for clients and for himself, and he spiked customer drinks with powdered ecstasy pills to lower their "inhibitions and guard," Kato said in the filing. Nicholas' lawyer, Steven Silverstein, didn't immediately return a phone call seeking comment on the lawsuit. But in court documents, Nicholas' lawyers deny the allegations and accuse Kato of attempting to extort money from Nicholas. Kato signed a confidentiality agreement when working for Nicholas, according to documents filed by Level 7 LLC and The Management Company LLC, two companies owned by Nicholas. Kato has threatened to make public "certain sensitive private alleged facts ... which he had expressly promised to keep private," the Level 7 court documents say. "Kato's wrongful conduct by issuing these threats ... will cause great and irreparable injury to plaintiffs." Nicholas regularly yelled at employees, and he demanded that Kenji Kato carry a bag with illegal drugs for him, according to Kenji Kato's filing. Nicholas also demanded that Kato use drugs along with him, Kato said. "I was regularly exposed to ... a high degree of debauchery while working for Nick," he said in his filing. "The first time I used cocaine was when Nick shoved a tiny spoon up my nose because I was falling asleep, while he was talking to me. Over time, I got sucked into his extreme lifestyle." By the end of Kato's employment, Nicholas was using "large quantities" of illegal drugs, including cocaine and heroin, and had withdrawn from his friends and family, according to Kato's May filing. Nicholas had stopped paying Kato, although he still demanded work from him, and when Kato walked out, Nicholas owed him $150,000 in back pay, the court documents say. Nicholas had promised Kato employee benefits and Broadcom stock options, but he never delivered, according to Kato's filing.