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Sarbanes-Oxley News & Developments
2005-04-26 | Adelphia, Rigas Family Settle Fraud CaseThe Rigas family will forfeit $1.5 billion; the company will pay $715 million to create a fund to compensate victims of 'one of the most extensive financial fraud ever to take place at a public company.'
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2005-04-25 | SEC Investigating BearingPointThe SEC has requested documents concerning the internal control deficiencies identified last month, according to the consultancy.
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2005-04-21 | Prosecutors Finally Rest in Scrushy CaseGovernment attorneys have moved to block the testimony of a prospective witness who the defense may call to testify about the authenticity of secretly taped conversations with a former CFO.
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2005-04-20 | KPMG Settles Xerox Charges with SECKPMG permitted Xerox to "manipulate its accounting practices" to close a $3 billion gap between actual operating results and results reported to the investing public, according to the SEC.
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2005-04-19 | Coke Probes Completed by SEC, DoJCoca-Cola was 'basically robbing from their future earnings,' an SEC lawyer reported asserted; 'there would have been no fraud had they made a disclosure of that practice.'
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2005-04-19 | Dynegy Pays $468M to Settle SuitLast year, former midlevel executive Jamie Olis received a 24-year sentence without parole for his part in a sham transaction.
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2005-04-19 | Enron Broadband Trial BeginsWhatever happens in the Houston courtroom may foreshadow the outcome of the Lay, Causey, Skilling trial.
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2005-04-14 | What is Next for Section 404?SEC chairman William Donaldson and PCAOB chairman William McDonough seem to suggest that they believe this provision of Sarbanes-Oxley goes too far.
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2005-04-11 | Former EasyLink CFO Settles ChargesDuring the period when EasyLink improperly recognized and reported advertising revenue from barter transactions, SEC Chairman William Donaldson was a director of the company and served on the audit committee.
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2005-04-11 | The Limits of MercyThe cost of cooperating with the SEC is high. The cost of not cooperating is even higher.
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2005-04-08 | False Records Said to Be Found at FannieJournal entries containing falsified signatures reportedly helped Fannie Mae meet earnings targets and ultimately led to the payment of big executive bonuses.
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2005-04-05 | Late Filers Face DelistingNearly 300 companies recently asked for a 15-day extension for filing their 10-K, but dozens of them reportedly failed to meet even the extended deadline.
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