Year: 2006

First Guilty Plea and SEC Settlement in Options Case

The casualties among corporate executives keep mounting in the ever-expanding options scandal.  Yesterday the government got its first guilty plea when David Kreinberg, former CFO of Comverse Technology, plead guilty to securities fraud charges.  Specifically, Mr. Kreinberg waived indictment and

SEC Commissioner Calls for Reform of DOJ and SEC Cooperation Standards

For months the standards for evaluating cooperation used by the Department of Justice in the Thompson memo and those of the SEC in the Seaboard Report have been under fire for creating a “culture of waiver” which has eroded the