Carlyle Lawsuit Ban Deplored by Lawmakers May Entice Followers
Carlyle Group LP’s plan to protect itself from class-action lawsuits may set a precedent that undermines shareholder rights and encourages more companies to follow suit, lawyers, investors and government officials said.
Enron Creditors Get 53 Percent Payout, Aided by Lawsuit Accords
Defunct Enron Corp (ENRNQ) .’s creditors have received $21.8 billion in cash and stock so far, with money from lawsuits and settlements helping to give general unsecured creditors a payback three times higher than the estate had projected, a report shows.
Crown accuses ex-Nortel executives of keeping a corporate 'cookie jar'
TORONTO - One of the biggest trials in Canadian corporate history got under way Monday, with the Crown prosecutor beginning to lay out his case against three former Nortel Networks executives accused of falsifying financial reports.
Ex-Nortel execs had corporate 'cookie jar:' Crown
One of the biggest trials in Canadian corporate history got under way Monday, with the Crown prosecutor beginning to lay out his case against three former Nortel Networks executives accused of falsifying financial reports.
Opening arguments underway in case of former Nortel execs accused of fraud
TORONTO - One of the biggest trials in Canadian corporate history got under way Monday, with the Crown prosecutor beginning to lay out his case against three former Nortel Networks executives who are accused of falsifying financial reports. Each of three accused men sat in separate rows of the court
Trial of former Nortel Networks execs accused of fraud slated to begin today
TORONTO - Opening arguments are expected Monday in the trial of former executives at insolvent Nortel Networks Corp. who are accused of defrauding investors ahead of one of the biggest corporate collapses in Canadian history. Former CEO Frank Dunn, 57, was charged in 2008 — just as the company implo
Were senior executives scapegoats for Nortel's demise?
The deeper you dig into the accounting history of Nortel, the easier it is to believe that the board of directors, its private investigators and the RCMP just plain got it wrong, argues James Bagnall
Wall Street’s gilded frat party
A week or so ago, we read in The New York Times about what in the Gilded Age of the Roman Empire was known as a bacchanal – a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi. That’s the very exclusive Wall Street fraternity of billionaire bankers, and private ...
Carlyle Curbing Shareholder Rights Irritates Lawmakers Who See Precedent
Carlyle Group (CG) LP’s plan to protect itself from class-action lawsuits may set a precedent that undermines shareholder rights and encourages more companies to follow suit, lawyers, investors and government officials said.
