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What SEC Policy Can Mean for In-Housers
Consider the curious case of Jay Lapine. Between 2003 and 2009, the onetime general counsel of McKesson HBOC Inc. successfully fought off two criminal indictments for financial reporting fraud. Then he settled civil charges with the Securities and Exchange Commission, agreeing to pay a $60,000 penalty and to not practice before the commission or act as an officer or director of a public company for five years. Sounds like a bitter pill to swallow.Medley, SE Broward, Boca Raton Lead Key Submarkets
A look at the hottest industrial submarkets for Miami-Dade, Broward and Palm Beach counties.View more book results for the query "*"
Sales of New U.S. Homes Fell More Than Forecast in July
Purchases of new U.S. homes plunged in July by the most in more than three years and previous months were revised down, a sign that growth in the industry may be taking a pause as mortgage rates rise.Marc Jacobs firm pays $1M to settle NY scandal
NEW YORK AP - A company founded by fashion designer Marc Jacobs has paid $1 million to resolve an allegation that it bribed a New York state employee.Marc Jacobs International was accused last winter of repeatedly paying off a superintendent at a National Guard armory so it could secure the building for its celebrity-studded fashion shows in New York City.Challengers Settle Suit Over NYSE Deal
The shareholder suits started pouring in just one day after Deutsche Boerse AG announced its proposed $9.53 billion buyout of NYSE Euronext on Feb. 15. And with NYSE shareholders poised to vote on the deal July 7, the defendants have decided to settle. Under the terms of the agreement, NYSE and Deustche Boerse agreed to pay NYSE shareholders a $905 million dividend following the merger's completion.Bahrain Firm Seeks $1 Billion in Damages for Alleged Alcoa Bribes
In a complaint filed Monday in Pittsburgh federal court, Aluminum Bahrain BSC alleges that it overpaid $420 million for raw materials from 1997 to 2009 because companies affiliated with Alcoa and controlled by a billionaire businessman paid millions in bribes to company executives and Bahrain officials.Trending Stories
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