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Late Friday, Amazon (AMZN) took a trip to the SEC filings dump and filed this 8-K announcing it had finally settled the five year-old lawsuit with Toys R Us for $51 million. The filing was just one sentence, but because the settlement “substantially all of which was unanticipated” in Amazon’s words, the stock is down [...]
It’s been a little over three years since the WSJ broke the options-backdating scandal, which among other things, led to the removal of former UnitedHealth (UNH) CEO Charles McGuire. In December 2007, McGuire settled with the SEC and this past December, the SEC settled on several related matters.
But their have been numerous other lawsuits stemming [...]
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 [...]
Earlier this year a Canadian publication called uniform maker Cintas Corporation (CTAS) one of the best employers in Canada. But last week, here in America, a union-backed group – angered by the 2007 death of a Cintas worker dragged into an industrial dryer at the firm’s Tulsa plant – embarked on a “Painful Truth Tour” [...]
Of all the news that came out about Wachovia (WB) yesterday — the unexpected loss, the $7 billion in new capital, and the dramatic cut in the dividend — there were several new disclosures, primarily related to legal troubles — in the 8-K they filed yesterday that went largely unnoticed. We’ll take them in order:
Wachovia [...]
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