Kb homes and backdating
Earlier, a lawsuit filed against the same parties alleged they fraudulently inflated sales prices of KB homes in Arizona and Nevada.
Pw C accused of sharing confidential information [economia] Watchstone has accused Pw C of “inducing breach of contract” and “unlawful means conspiracy” against the Big Four firm.
“We have real things to deal with.” The feud between Mezger and his neighbors goes beyond the encounter on Saturday.
Since moving into their home a year ago, Griffin and Bick have filed several noise complaints against Mezger, Huff Po reports.
Mezger took over as CEO of KB Home (KBH), one of the nation’s largest homebuilders, in 2006 after then-CEO Bruce Karatz retired after an internal investigation into backdating of stock options.
LOS ANGELES — The former head of construction giant KB Home was convicted Wednesday of four felony counts in a stock option backdating scam.
The counts Karatz was convicted of stem from mid-2006, when prosecutors say he concealed and lied about his role in the backdating.
Earlier, a lawsuit filed against the same parties alleged they fraudulently inflated sales prices of KB homes in Arizona and Nevada. The homebuilder said the Securities and Exchange Commission has concluded its investigation into the company’s accounting and disclosures and does not plan to recommend any enforcement action. The answers would be instructive to other companies that could wind up as targets of SEC probes. The good news here is that the SEC informed the company that the investigation was closed. Believe it or not until a few years ago the regulator did not often communicate to companies under investigation that the probe was completed and that no further action would be taken, leaving the company hanging and suspicion hovering for all potential customers and investors to speculate.