Ex-Computer Associates Execs, SEC Settle
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Two former executives of Computer Associates International, who have pleaded guilty to conspiracy to commit securities fraud, have agreed to pay a total $387,470 to settle related civil charges in a multibillion-dollar accounting scandal at the big
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Affiliated Computer Services Inc.  said on Monday its chief executive and chief financial officer had resigned as it completed an internal investigation into its stock option practices.
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Ten former directors tentatively agree to pay $54M -- including $18M out of their own pockets -- to settle part of a class-action securities lawsuit stemming from the company's accounting scandal.
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WASHINGTON -- Grocery wholesaler Fleming Cos. and some of its suppliers and their employees have agreed to settle Securities and Exchange Commission claims of accounting fraud.
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Motion Picture Distribution LP said on  Friday that it has reached settlement deals with three former  senior executives and struck a consulting agreement with former  chairman Victor Loewy.
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Two former Computer Associates executives pleaded not guilty last week to charges involving a multi-billion dollar accounting scandal.
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Three former employees of Denver-based Invesco Funds Group agreed to a settlement regarding alleged market timing trading in certain Invesco funds, the Securities and Exchange Commission said Tuesday.
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At first glance, it might seem as if Computer Associates has cleaned up its act. Yes, its former CEO and another top executive were indicted Wednesday for securities fraud and obstruction
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A former sales chief at CA Inc. has agreed to pay $29.7 million in restitution after pleading guilty last year to criminal charges.
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Affiliated Computer Services Inc.  said on Monday its chief executive and chief financial officer had resigned because of their role in improper stock option grant practices.
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Computer Associates International Inc., a business software company embroiled in an accounting scandal, is giving its new chief executive, John Swainson, a pay package that totals more than &#36;8.6 million in salary, signing bonuses and stock.
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Computer Associates International, Inc. said yesterday that it would pay $225 million to settle investigations by the Department of Justice and the Securities and Exchange Commission.
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(InfoWorld) - Electronic Data SystemsÂ (EDS) has agreed to pay $490,902 to settle a U.S. Securities and Exchange Commission investigation into accounting irregularities, the agency said Tuesday. The SEC accused EDS of failing to disclose the cost of a $225 million investment banking stock deal, maintaining inaccurate financial records, and failing to disclose an "extraordinary" transaction that made up more than 25 percent of the company's cash flow in the first half of 2002. EDS, an IT service provider based in Plano, Texas, did not admit or deny wrongdoing as part of the settlement. "We're happy to put this historical matter behind us," said Robert Brand, the company's director of corporate public relations. EDS replaced its chief financial officer and former chairman and CEO Dick Brown in early 2003, after the SEC opened a formal investigation into EDS accounting practices in October 2002. Separately, the SEC said a former official of an EDS subsidiary, accused of bribing officials in India, has also agreed to settle with the agency. The SEC had accused Chandramowli Srinivasan, the former president of EDS subsidiary A.T. Kearney India, of directing a bribery scheme in which the company paid $720,000 to senior employees of Indian state-owned enterprises between early 2001 and September 2003. The purpose of the bribes was to retain A.T. Kearney India's business with the government entities, the SEC said. Srinivasan agreed to pay $70,000 to settle the SEC charges. He also did not admit or deny the SEC charges. Srinivasan's payment was part of the SEC investigation into the accounting practices at EDS, the SEC said.
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Company says its chief executive reached a settlement with the SEC over allegations of securities violations in the trading of SINA stock.
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David M. Willey, the former finance chief at the Capital One Financial Corporation, will pay $1.8 million, including an $801,000 fine, to settle insider-trading accusations, the Securities and Exchange Commission said yesterday.
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Two former executives of Computer Associates International pleaded not guilty to charges of securities fraud and obstruction of justice.
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Two former fund managers for Putnam Investments of Boston agreed to pay a total of $1.5 million to settle allegations they inappropriately traded mutual fund shares and potentially harmed other fund investors, federal and state regulators said yesterday.