Bruce Karatz, former CEO of KB Home (KBH), was fined $1 million and given five years of probation for hiding backdated stock options from auditors and regulators.
Karatz will face no jail time but will serve eight months of home detention with electr…
A French lawyer is fighting to stop carmaker Renault (RNSDF) naming its new electric car “Zoe”, saying that first names should be sacred.
Attorney David Koubbi is representing the parents of two young girls called Zoe Renault, The Associated Press reported. Koubbi argues that corporations should not use first names to market products.
Koubbi estimates that there are 35,000 girls…
Continue reading French Lawyer Battles to Stop Renault Naming Car ‘Zoe’
French Lawyer Battles to Stop Renault Naming Car ‘Zoe’ originally appeared on DailyFinance on Wed, 10 Nov 2010 08:04:00.
Filed Under: Company News, Technology, Green, Autos
Investors have hit Goldman Sachs with a class-action lawsuit for allegedly failing to disclose that it would benefit if its debt products lost value. The investment bank — and several others — say more lawsuits are likely on …
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
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The SEC subpoenaed several former in-house brokers as part of an investigation of Citigroup (C) debt funds.
The funds in question borrowed heavily and invested in mortgage bonds and municipal bonds, The Wall Street Journal said without naming its sou…