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Former Triad exec charged, settles with SEC

2015-04-02 23:17:08| Telecom - Topix.net

The Securities and Exchange Commission has charged Tim Scronce , the former owner of Lexington-based telecom equipment company TelWorx, with defrauding a publicly traded telecommunications company and its shareholders during and after its acquisition of the business. Scronce in 2013 paid a multimillion settlement to the buyer of that firm, Bloomingdale, Ill.-based PCTEL Inc., after allegations of accounting irregularities, as previously reported by the Triad Business Journal .

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Sprint settles U.S. class-action lawsuit for $131 million

2015-03-31 19:56:43| Telecom - Topix.net

The all-cash settlement made public on Monday resolves claims that Sprint, former Chief Executive Gary Forsee and other officials fraudulently inflated the company's stock and bond prices between October 2006 and February 2008. Investors said the defendants falsely touted how Sprint was receiving billions of dollars of benefits from the merger and improving its subscriber base by tightening credit standards.

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Sprint settles U.S. class-action lawsuit for $131 million

2015-03-31 19:21:53| Wireless - Topix.net

The all-cash settlement made public on Monday resolves claims that Sprint, former Chief Executive Gary Forsee and other officials fraudulently inflated the company's stock and bond prices between October 2006 and February 2008. Investors said the defendants falsely touted how Sprint was receiving billions of dollars of benefits from the merger and improving its subscriber base by tightening credit standards.

Tags: million sprint lawsuit settles

 

Sprint settles U.S. class-action lawsuit for $131 million

2015-03-31 18:46:42| IT Services - Topix.net

The all-cash settlement made public on Monday resolves claims that Sprint, former Chief Executive Gary Forsee and other officials fraudulently inflated the company's stock and bond prices between October 2006 and February 2008. Investors said the defendants falsely touted how Sprint was receiving billions of dollars of benefits from the merger and improving its subscriber base by tightening credit standards.

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Washakie Renewable Energy, LLC settles violations.

2015-03-27 13:31:12| Industrial Newsroom - All News for Today

U.S. EPA and U.S. DOJ announced settlement with Utah-based Washakie Renewable Energy, LLC, which resolves allegations that the company generated invalid renewable fuel credits worth more than $2 million. From January to October of 2010, Washakie generated more than 7.2 million Renewable Identification Numbers and reported to EPA that it produced biodiesel associated with those RINs at its Plymouth, Utah facility. During that time, however, Washakie did not produce any biodiesel at facility.

Tags: energy llc violations renewable

 

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