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Tag Archives: SEC

SEC charges Volkswagen, former CEO with defrauding investors

U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal. The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal ...

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SEC charges Volkswagen, former CEO with defrauding investors

U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal. The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal ...

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8th Circuit ends class action against NovaStar Financial

A federal appeals court has ended a class action lawsuit against Kansas City-based NovaStar Financial. The 8th U.S. Circuit Court of Appeals said Tuesday that the lawsuit filed in 2007 wasn’t specific enough to meet the detailed pleading requirements of ...

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Nation briefs

Ex-Qwest chief request to remain free is rejected Joseph Nacchio, Qwest Communications International Inc.’s former chief executive officer, must report to prison on April 14 to begin serving a six-year sentence for insider trading, a federal appeals court ruled. The ...

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Report: Bryan Cave partner was AIG overseer

AIG paid Bryan Cave about $20 million to monitor its finances as part of a 2004 deal with the federal government, the Wall Street Journal reported Friday. James Cole, a partner in the firm's Washington office, attended top-level board-committee meetings and was responsible for offering general corporate oversight for the Securities and Exchange Commission, according to the report. Bryan Cave Chairman Don Lents told Missouri Lawyers Weekly in a phone call Friday afternoon that "we're not in a position to comment."

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Madoff victims blame SEC in letters to government

Federal prosecutors released e-mails and letters from victims of the $65 billion Ponzi scheme perpetrated by New York money manager Bernard Madoff in which some place the blame for the fraud on federal regulators. Among those was Richard Shapiro, of ...

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