Content about Corporate crime

March 21, 2012

Securities fraud lawsuit against Best Buy dismissed

Best Buy Co. said that the U.S. District Court has dismissed putative securities fraud class actions against the retailer and three of its officers.

Minneapolis -- Best Buy Co. said Wednesday that the U.S. District Court has dismissed putative securities fraud class actions against the retailer and three of its officers.

With regard to the class action lawsuit filed last year, the court on Tuesday dismissed all counts for lack of substantiation.

September 27, 2011

Ex-Carter’s exec charged with fraud

U.S. prosecutors have charged former Carter’s senior VP Joseph Elles with securities fraud, according to a report by the Associated Press.

Atlanta -- U.S. prosecutors have charged former Carter’s senior VP Joseph Elles with securities fraud, according to a report by the Associated Press.

Elles has been accused of lying about the company's financial situation and then selling shares of its stock when the price was artificially inflated.

April 15, 2011

Zale cleared by SEC

Zale Corp. announced Friday that it has been cleared by the Securities and Exchange Commission in its investigation and that the SEC will not take any action against the company.

Dallas -- Zale Corp. announced Friday that it has been cleared by the Securities and Exchange Commission in its investigation and that the SEC will not take any action against the company.

The SEC began investigating the jeweler in October 2009 after it restated its 2008 and 2009 earnings. The company said at the time that a financial audit had uncovered internal control and accounting issues related to advertising costs, income taxes and internal company payments, among other things.

October 18, 2009

Lawsuit filed against Men’s Wearhouse for securities violations

Kendall Law Group said Monday it has filed a lawsuit against Men's Wearhouse for securities...

October 18, 2009

Toys 'R' Us faces antitrust investigation

Toys “R” Us is being investigated by the Federal Trade Commission for alleged antitrust violations,...

November 4, 2008

Tweeter to Close its Doors

Tweeter is shutting down its Canton, Mass. headquarters as part of a "permanent entire company...

October 19, 2008

Report: Tweeter CEO Out

George Granoff, CEO of Tweeter Newco, has left the consumer-electronics chain after 13 months, apparently...