Corporate Compliance

Lawyer: Stop ‘Rush to Judgment’ in Bank Case

Wasting no time getting to work after his weekend appointment to represent beleaguered World Bank President Paul Wolfowitz, powerhouse Washington attorney Robert Bennett called today for measured consideration of the situation. The bank’s board is already reportedly deliberating about the fate of Wolfowitz, who is accused of having given a…

Apr 24, 2007 10:32 PM CDT

E-mail ‘Rant’ Costs Job; No Whistleblower Shield

A jaw-dropping e-mail reportedly sent to all employees at Kaiser Permanente last fall by an unauthorized 22-year-old worker shows that so-called company whistleblower rules intended to protect those who bring corporate wrongdoing to public attention only go so far. At the same time, though, it also demonstrates, as the Wall…

Apr 24, 2007 9:45 PM CDT

Apple’s Ex-GC to Use E-Mail in Defense

The attorney for Apple Inc.’s former general counsel told the Wall Street Journal (sub. req.) her client will use e-mails to show she did not backdate stock options to benefit herself or CEO Steve Jobs. “Nancy Heinen did not backdate, and she will defend herself based on her actions, e-mails…

Apr 24, 2007 2:44 PM CDT

Scrushy Makes Deal with SEC, But Can He Pay?

The former CEO of HealthSouth will pay $81 million to resolve a lawsuit filed by the Securities and Exchange Commission. Richard M. Scrushy will forfeit $77.5 million and pay a $3.5 million fine, but neither admits nor denies allegations that he was part of accounting fraud, according to the New…

Apr 24, 2007 2:23 PM CDT

World Bank President Hires Bill Clinton’s Lawyer

White-collar wonder Robert Bennett, who represented then-President Bill Clinton concerning sexual harassment claims made by Arkansas state employee Paula Jones, is now representing the president of the World Bank. Interviewed over the phone by the Bloomberg news agency, Bennett described as a “nothing” case the investigation of Paul Wolfowitz by…

Apr 24, 2007 12:27 AM CDT

SEC Options Backdating Suit for Ex-Apple GC?

A former general counsel for Apple Inc. may be sued by the Securities and Exchange Commission for her role in allegedly backdating two stock options grants to company executives, according to her counsel, the Bloomberg news service reports. The SEC will likely sue Nancy Heinen this week, according to her…

Apr 23, 2007 5:53 PM CDT

Will Qwest Sue for Fees?

Qwest Communications has a good case to recover some of the legal fees advanced to Joe Nacchio, according to experts quoted in the Denver Post, but it’s unclear if the company will pursue a case. Prosecutors had alleged Nacchio sold more than $100 million in Qwest stock when he knew…

Apr 23, 2007 4:13 PM CDT

Directors’ Settlement a Probable Record

A $41.5 million settlement finalized last month may be one of the largest to require outside directors to dig into their own pockets, the Wall Street Journal reports. (Sub. req.) The agreement settles a lawsuit brought by a bankruptcy trustee for shoe company Just for Feet Inc., which sought court…

Apr 23, 2007 2:03 PM CDT

Qwest Deliberations Likely Today

Jury deliberations are expected to begin today in the insider trading trial of Joseph P. Nacchio, the former chief executive of Qwest International. Yesterday, federal prosecutor Colleen Conry said Nacchio talked about the company’s good financial picture while selling stock options as fast as possible, the New York Times reports.…

Apr 11, 2007 1:52 PM CDT

SEC Accuses Two Ex-Enron Lawyers of Securities Violations

Think going in-house means you can kick back a bit, even if you do have to take a pay cut? Think again. A civil complaint filed by the Securities and Exchange Commission, which accuses two former Enron lawyers of securities violations, paints a picture of two lawyers confronting ethical dilemmas–and…

Mar 29, 2007 8:32 PM CDT

Lawyer: Stop ‘Rush to Judgment’ in Bank Case

E-mail ‘Rant’ Costs Job; No Whistleblower Shield

Apple’s Ex-GC to Use E-Mail in Defense

Scrushy Makes Deal with SEC, But Can He Pay?

World Bank President Hires Bill Clinton’s Lawyer

SEC Options Backdating Suit for Ex-Apple GC?

Will Qwest Sue for Fees?

Directors’ Settlement a Probable Record

Qwest Deliberations Likely Today

SEC Accuses Two Ex-Enron Lawyers of Securities Violations

Battling Bribery Abroad

A Matter of Opinion

Waiving Goodbye?

Supporting Actor Role

Board to Pieces

Topics: Career & Practice

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