SEC Orders Global To Restate ‘Swaps’
Global Financial Statements. The Securities and Exchange Commission has ordered Global Crossing Ltd. to subtract the revenue from a series of controversial deals from its financial statements, a change that is expected to reduce its earnings for the first nine months of 2001 by $13 million. Global Crossing, which filed for … [Read more...] about SEC Orders Global To Restate ‘Swaps’
Ex-Global CEO Wants More
Ex-Global CEO Is Pressing The Company. A former chief executive officer who served just seven months at the helm of Global Crossing Ltd. is pressing the company to cough up back rent on a Park Avenue apartment and salary payments he says are owed to him. The $822,000 request from Leo J. Hindery Jr., who served as Global Crossing's … [Read more...] about Ex-Global CEO Wants More
Lawmakers Probe Global Crossing’s Ties
Global Crossing Tied To A Controversial Analyst. A congressional investigation of bankrupt telecom firm Global Crossing Ltd. is probing the company's ties to a controversial financial analyst and its sale to two Asian companies. The House Financial Services Committee is demanding information from Global Crossing about its … [Read more...] about Lawmakers Probe Global Crossing’s Ties
