Ex-Exec Files Suit Against Tyco
Scandal Involving Tyco. A former Sensormatic Electronics executive filed suit Tuesday against Tyco International and its board after a scandal involving Tyco's top executives has left its share price in shambles. Ron Premuroso, the former president of the company's International Retail Division, is the first former Sensormatic … [Read more...] about Ex-Exec Files Suit Against Tyco
Ex-Adelphia Exec to Plead Guilty
Ex-Adelphia Exec Pleaded Guilty. In a development that could help the government's case against the Rigas family members who founded Adelphia Communications Corp., the company's former vice president for finance is scheduled to plead guilty and has agreed to testify against the family members, people familiar with the matter told The … [Read more...] about Ex-Adelphia Exec to Plead Guilty
Ex-Exec Guilty In Telecom Scandal
Accounting Telecom Scandal. Former WorldCom controller David Myers pleaded guilty Thursday to conspiracy and fraud charges, making him the first person to admit guilt in the company's $7.2 billion accounting scandal. The admission prompted civil fraud charges against Myers from the Securities and Exchange Commission. Myers, a … [Read more...] about Ex-Exec Guilty In Telecom Scandal
