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Back in February, this article in Fortune noted how Alvarez & Marsal, a well-known restructuring firm that’s worked at Arthur Andersen post-Enron and HealthSouth post-Richard Scrushy was poised to benefit from the growing credit mess. While Lehman (LEH) wasn’t mentioned in the story, the article did note that “in thornier cases the firm does the [...]
Given everything else that is going on in the financial markets, today’s an absolutey perfect day for a company to slip something into their filings, figuring that few people are likely to be paying attention. Last night, the SEC sent out one of its’ rare Sunday night press releases and followed up this morning with [...]
Dietary supplement maker and multi-level marketer Mannatech (MTEX) is feeling pretty sickly. Just days after slashing its dividend by 77%, the company disclosed that its CFO and Audit Committee Chairman have received a Wells Notice from the SEC. The Notice stems from a seemingly innocent auditor change in October 2007, which normally involves [...]
What is the punishment for bribing Nigerian officials and violating the Foreign Corrupt Practices Act? Apparently it’s seven years in the pokey and a $10.8 million fine. Jack Stanley, the former chief executive of KBR Inc. (KBR), a former Halliburton (HAL) subsidiary, agreed yesterday to plead guilty to participating in a decade-long scheme [...]
Between the Democratic convention in Denver this past week and next week’s Republican version in the Twin Cities, it’s hard to escape politics. That’s even true in the SEC filings, judging by the 10-K that Caci International (CAI) filed yesterday. No matter which side you’re on, there’s no arguing that someone other than George W. [...]
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