Lisa Berry, the former general counsel for Juniper Networks and KLA-Tencor accused of backdating stock options, has settled her case with the Securities and Exchange Commission.
Lisa Berry, the former general counsel for Juniper Networks and KLA-Tencor accused of backdating stock options, has settled her case with the Securities and Exchange Commission. Berry has agreed to pay a civil penalty of $350,000 plus give up $77,120 in profits allegedly gained through backdating.
On Monday, Standard & Poor’s parent company McGraw-Hill reported its receipt of a Wells notice from the U.S. Securities and Exchange Commission, warning of potential civil charges against the ratings agency for its role in the recent mortgage crisis.
The Securities and Exchange Commission is expected to ask the U.S. Department of Justice this week to examine whether former SEC general counsel David Becker violated any criminal conflict-of-interest laws related to his profits from the Bernard Madoff Ponzi scheme.
A Johnson & Johnson filing with the Securities and Exchange Commission this week shows that, although the company has reached a deal with prosecutors on Risperdal criminal charges, it has a long way to go before its civil litigation woes are over.