Month: October 2006

Delphi Settlement — Cooperation without a Waiver?

Yesterday’s enforcement action against now bankrupt auto parts giant Delphi brings together two of the SEC’s key enforcement policy statements, the Seaboard Release on cooperation and the January 2005 statement on Corporate Penalties. The partially settled enforcement action was brought against Delphi

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