In our June 4, 2009 Client Update, we reported on the jury verdict the Securities and Exchange Commission ("SEC") obtained against Charles Conaway, the former CEO of Kmart Corp for misleading investors about inventory and liquidity levels as the company was approaching its January 2002 Chapter 11 bankruptcy filing.
Filed under:
USA, Capital Markets, Insolvency & Restructuring, Litigation, White Collar Crime, Gibson Dunn & Crutcher LLP, Public company, Bankruptcy, Fraud, Market liquidity, Testimony, Involuntary dismissal, Jury trial, Form 10-Q, Internal Revenue Service (USA), US Securities and Exchange Commission, US Department of Justice, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Chief executive officer, Chief financial officer, US Attorney General, Sixth Circuit
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