Aug 13
The $26 million settlement between Universal City Studios and a class of Hollywood filmmakers has been tentatively approved. The filmmakers believed they had been underpaid based on miscalculated royalties associated with profits from home-video sales.
May 16
The U.S. Government Accountability Office (“GAO”), a government watchdog group, recently reported the results of its 2014 audit of the Securities and Exchange Commission (“SEC”) financial statements. The findings included (i) troubling reports of internal control failures at the very agency tasked with policing the reporting activities of others and (ii) warnings of vulnerability to …
Oct 28
A settlement agreement has been reached In the Matter of Lynn R. Blodgett, Adm. Proc. File No. 3-16045 (August 28, 2014) despite internal dissent on the part of the Securities Exchange Committee (“SEC”) as to the appropriate penalty. The circumstances involve a financial fraud action against two executives at Affiliated Computer Services, Inc. (“ACS”), Lynn Blodget, the …