Content about Kmart Corp.

November 10, 2010

A Detroit court on Wednesday said that Charles Conaway, the former head of Kmart Corp., has agreed to pay $5.5 million to end long-running litigation with government regulators over the retailer's finances nearly 10 years ago.

Hoffman Estates, Ill. -- A Detroit court on Wednesday said that Charles Conaway, the former head of Kmart Corp., has agreed to pay $5.5 million to end long-running litigation with government regulators over the retailer's finances nearly 10 years ago.

The deal would stop Conaway's appeal of a court-ordered financial penalty for misleading investors before Kmart's bankruptcy filing in 2002.

The appeals court has agreed to send the case back to federal court in Detroit to handle the settlement.

November 9, 2010

A Detroit court on Wednesday said that Charles Conaway, the former head of Kmart Corp.,...

January 20, 2010

A judge has upheld a civil verdict against Charles Conaway, the former head of Kmart...

November 28, 2005

Troy, Mich., As...

October 10, 2005

New York City, ...

October 10, 2005

New York City, ...