corporate buzz sharesleuth

Xethanol Xamined Xethanol Corp.. Xethanol Corp. bills itself as a biotechnology-driven ethanol company that can turn wood chips, corn stalks and paper sludge into cheap alternative fuel. But a investigation found no evidence that Xethanol (XNL: AMEX) has produced significant quantities of ethanol from those raw materials.

Sharesleuth is the latest project of Mark Cuban and Chris Carey. The premise of this venture is that Sharesleuth will expose companies suspected of securities fraud and corporate chicanery and Mark will short their shares. Interesting…

I’ve added Xethanol Corp. contracts to the web site.

Technorati Profile


Agere Aims for PlayStation

The Morning Call: Agere Sues Sony, Claims Patents Infringed. Agere Systems is accusing Sony Corp. of illegally using eight of its patents in a variety of products, including PlayStation, the popular gaming console.

I’ve posted Agere Systems Inc. (AGR) contracts, including the patent and license agreement between it and Lucent when it was spunoff.

litigation stock options

Former Comverse Chief Flees

New York Times: F.B.I. Calls Ex-Comverse Chief a Fugitive, and Casts a Wide Net. The hunt for Jacob Alexander, known as Kobi, was stepped up yesterday after the Federal Bureau of Investigation declared him a fugitive and said agents were seeking his arrest.

Earlier this month, the Department of Justice announced that three former executives of Comverse Technology Inc. (“Comverse”), a publicly-held computer software company, were charged for their roles in orchestrating a long-running scheme to manipulate the grant of millions of Comverse stock options to themselves and to employees. Former Chief Executive Officer Jacob “Kobi” Alexander, former Chief Financial Officer David Kreinberg, and former General Counsel William F. Sorin allegedly orchestrated the scheme by fraudulently backdating the options and operating a secret stock options slush fund.

I’ve added Comverse Technology contracts to the website, including the Employment Agreement between Comverse Technology Inc. and Kobi Alexander.