When companies use the word “immaterial” to describe errors or irregularities in their previously reported numbers, what they’re trying to say is that their mistakes involved such small amounts that they don’t really matter. To…
U.S. District Court Judge Jed Rakoff is famous — or infamous — for his zeal in righting Wall Street’s wrongs. But the Galleon insider trading civil suit he’s presiding over has just earned him a wrist-slap from the Second Cir…
Shares of Green Mountain Coffee Roasters plummeted 17.4% in morning trading Wednesday after the company announced that it had discovered $4.4 million worth of accounting errors dating back to 2007, and that the SEC had started …
In Friday’s legal news, the timing of the SEC’s suit against Goldman Sachs may have had more to do publicity than with advancing the Democrat’s agenda; the delinquent Harrisburg Authority tries to make good on its debts; and th…
A Belgian court has convicted Jo Lernout and Pol Hauspie, the founders of the once high-flying speech recognition software company Lernout & Hauspie Speech Products, of fraud for using a variety of means to artificially inflate…