San Francisco Chronicle/New York Times: Tyco’s Kozlowski Guilty of Fraud. Dennis Kozlowski, the former chairman and chief executive of Tyco International, and his top lieutenant were convicted Friday on fraud, conspiracy and grand larceny charges, bringing an end to a three-year-long case that came to symbolize an era of corporate greed and scandal.
I don’t [...]
Reuters: H&R Block lawsuit settlement blocked. H&R Block Inc., the largest U.S. tax preparer, on Friday said a federal judge had blocked a proposed $360 million settlement of a lawsuit over loans given in anticipation of tax refunds.
I’ve added H&R Block contracts to the site. Besides the usual employment agreements, this batch also [...]
Yahoo! / AP: Sony Fined $90.7M in PlayStation Case. A judge has ordered Sony Corp. to pay $90.7 million to a company that develops technology that enhances video game realism but immediately stayed an order that would halt U.S. sales of Sony’s popular PlayStation consoles.
We have some Immersion Corp. contracts, including some intellectual property [...]
Industry Standard: Burst, Microsoft Reach Settlement. Microsoft Corp. will pay video player software vendor Burst.com Inc. US$60 million to settle Burst’s antitrust and patent-infringement claims. The settlement will give Microsoft a nonexclusive right to Burst’s media player software, according to a Burst press release from late Friday.
Here are the Burst.com contracts.
San Francisco Chronicle: Abercrombie to Pay $50 Million in Bias Suits. Teen retailer Abercrombie & Fitch said Tuesday it will pay $50 million to settle charges that it discriminates against women and minorities in hiring, saying it hopes to avoid a prolonged conflict over the matter.
I’ll be updating the Abercrombie & Fitch contracts page soon.
USA Today: Cherkasky Begins New Era for Marsh. The executive suite of ousted Marsh & McLennan CEO Jeffrey Greenberg is being retrofitted as a conference room. The company’s $25 million Falcon 900 jet is for sale. And last week Marsh held its first conference call with the media in memory. For a besieged insurance [...]
Motley Fool: Is Marsh Ringing the Value Bell? Marsh & McLennan has the highest yield this company’s share price has offered since 1988. The dividend has risen every year for the past 10 years at a 12% clip. The company is sporting its lowest P/E in its lifetime. So, why not buy?
After last [...]
Red Herring: Conway to Take the Stand. Less than a week after he was booted from the top spot at PeopleSoft, Craig Conway is expected to face tough questions from Oracle lawyers in a Delaware courtroom on Wednesday.
You can find Craig Conway’s Employment Agreement and other PeopleSoft contracts on the web site.
USA Today: Martha Stewart Will Serve Her Time in W. Va.. Martha Stewart has been ordered to serve her sentence for lying about a stock sale at the federal prison in Alderson, W.Va., a source close to the case told The Associated Press on Wednesday.
The Federal Bureau of Prisons provides a handy Inmate Locator to [...]
SiliconValley.com: Kumar, Facing Jail Time, Disavows Concept of 35-Day Month. In March of 2002, dissident Computer Associates investor Sam Wyly, who the year before had mounted an unsuccessful campaign to unseat the software company’s board of directors, demanded that CA fire its top three executives.
This coming from a company that offers solutions enabling “you [...]
