Corporate Fraud News

Voyager Learning Company Board Adopts Recommendations of Special Litigation Committee
DALLAS, Jan. 18 Voyager Learning Company (Pink Sheets: VLCY.PK), a publisher of education materials and provider of education solutions in the K-12 market, announced today that the Board of Directors met and adopted the recommendations of its special litigation committee. The special litigation committee of the Board was created to investigate the allegations raised ...

Standard & Poors Equity Research Offers Eight Media Predictions for 2008
Sector Continues To Be Re-Shaped By Corporate Actions, Digital Moves,     Regulations     NEW YORK, Jan. 14 // -- Building on its prescient 2007 predictions* and extensive coverage of the media and entertainment industry, Standard & Poor's Equity Research today published its forecast for the year ahead, ...

Corporate Governance at the Crossroads
The Hong Kong Institute of Chartered Secretaries Hosted a Forum on Governance that Provided a Unique Opportunity for Members and Senior Market     Practitioners to Debate the Effectiveness of INEDs     HONG KONG, Jan. 9 /Xinhua-/ -- The Hong Kong Institute of Chartered Secretaries (HKICS) hosted the 'Corporate ...

Whistleblower Rewards Top $2 Billion
LYNCHBURG, Va., Jan. 2 // -- The government reached an important landmark by topping $2 billion in rewards paid to citizens for reporting fraud. The average whistleblower reward was $1.5 million. The largest reward exceeded $100 million.     Last year, the government spent more than $2.5 trillion dollars. Under many of its programs it is losing 10% ...

Diebold Continuing Dialogue with Office of The Chief Accountant
SEC investigation still in process; U.S. Department of Justice also     investigating related matters     NORTH CANTON, Ohio, Dec. 21 As announced on October 2, 2007, Diebold, Incorporated (NYSE: DBD) has been engaged in an ongoing discussion with the Office of the Chief Accountant (OCA) of the Securities and ...

Former Texas Assistant Attorney General Pat OConnell Joins Baron & Budd, P.C., to Lead Whistleblower Litigation Practice
AUSTIN, Texas, Dec. 3 // -- Patrick O'Connell, former Chief of the Texas Attorney General's Civil Medicaid Fraud Section, has joined Dallas-based Baron & Budd, P.C., as Special Counsel in the firm's newly established Austin office.     O'Connell will lead the firm's Qui Tam litigation team, representing government entities and individual ...

Kinder Morgan Agrees to $25 Million Civil Settlement for Unauthorized Sales of Customers Coal
WASHINGTON, Nov. 28 /-USNewswire/ -- U.S. Attorney for the Southern District of Illinois, A. Courtney Cox, announced today that the United States has reached a civil settlement with Kinder Morgan Energy Partners, L.P., Kinder Morgan Operating L.P. "B", and Kinder Morgan Operating L.P. "C" (collectively Kinder Morgan). Kinder Morgan provides energy transportation ...

A Companys Reputation and Performance Influence Opinions of Senior Management
- The Kenexa Research Institute Examines the Impact of a Company's Performance and Reputation on Employees' Views of Senior Management -     WAYNE, Pa., Nov. 28 // -- Research conducted by the Kenexa Research Institute (KRI), a division of Kenexa(R) (Nasdaq: KNXA), a leading provider of talent acquisition and retention solutions, evaluated ...

Sandler Communications Issues Letter to the Shareholders and Fans of Reality Racing
HOUSTON, Nov. 15 Gabe Sandler, Secretary and Vice President of Reality Racing Inc. (Pink Sheets: RRGI), and President of Investor Relations firm Sandler Communications Inc., issued the following letter today to the shareholders and fan club of Reality Racing:    Dear Shareholders, Fans and Colleagues,    First of all, let me ...

NYFIX Reports Third Quarter 2007 Results
Overall Revenues Up 29% Over Third Quarter 2006     NEW YORK, Nov. 8 NYFIX, Inc. (Pink Sheets: NYFX) ("NYFIX" or the "Company"), a trusted provider of innovative solutions that optimize trading efficiency, today reported results for third quarter 2007.    Three Month Results     Financial ...

Former Merrill Lynch Star Player Warns of Company Collapse
ENID, Okla., Nov. 8 // -- Keith Schooley, author of the critically-acclaimed book Merrill Lynch: The Cost Could Be Fatal - My War Against Wall Street's Giant (Lakepointe Publishing) and former star financial consultant with the brokerage firm, warns that corrupt conditions, similar to those created by Enron's top management, are now emerging at Merrill ...

NNN Realty Advisors, Inc. Reports 2007 Third Quarter Results
SANTA ANA, Calif., Nov. 8 NNN Realty Advisors, Inc., a full-service nationwide commercial real estate asset management and services firm, today announced financial results for the third quarter ended September 30, 2007. NNN Realty Advisors (the Company) reported revenue of $53.1 million, earnings per share (EPS) of $0.10 and earnings before interest, taxes, ...

Motive Reports Unaudited Financial Results
Shows 8% increase in revenue AUSTIN, TEXAS, November 7 - - Motive, Inc. (OTC: MOTV), a leading provider of service management software for broadband and mobile data services, today filed with the Securities and Exchange Commission a Form 8-K providing unaudited financial results for the three and nine months ended September 30, 2007. For the three ...

S&P Equity Research Finds Majority of Buybacks Have Disappointing Results
Company share repurchase programs rarely a driver of positive performance     NEW YORK, Nov. 6 // -- While 2007's record-setting stock repurchasing activity may make it the "Year of the Buyback," a recent Standard & Poor's Equity Research study shows this widely practiced strategy to boost company share prices may not lead to the ...

Bristow Group Reports Strong Fiscal 2008 Second Quarter Results
HOUSTON, Nov. 5 Bristow Group Inc. (NYSE: BRS) today reported financial results for its fiscal 2008 second quarter ended September 30, 2007.    Highlights include:     For the quarter ended September 30, 2007:     -- Revenue of $273.3 million increased by 21.9 percent over the second     ...

Motive, Inc. To Release Third Quarter 2007 Results On November 7, 2007
AUSTIN, TEXAS, November 1 - - Motive, Inc. (OTC:MOTV), a leading provider of management software for broadband and mobile data services, will release its unaudited third quarter 2007 financial results prior to market opening on Wednesday, November 7, 2007. The earnings press release will be followed by a conference call with members of senior management at 10:00 ...

Assurant Reports Q3 2007 Net Operating Income of $195.7 Million ($1.63 per diluted share), an Increase of 28% Over Q3 2006; Net Income of $187.2 Million ($1.56 per diluted share)
NEW YORK, Nov. 1 Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today reported its results for the third quarter of 2007 and the nine months ended September 30, 2007.    Third Quarter Results    Net income in the third quarter of 2007 increased ...

RESP Dealers sign on to impartial disputes resolution process
Ombudsman for Banking Services and Investments will provide objective, third party review for group RESP subscribers' issues TORONTO, Oct. 31 - - The members of the Registered Education Savings Plan Dealers Association of Canada (RESPDAC) - which represent the majority of group RESPs in the country - have confirmed that their planholders will have now ...

NVIDIA Announces Termination of SEC Investigation Regarding Historical Stock Option Grant Practices
SANTA CLARA, Calif., Oct. 30 NVIDIA Corporation (Nasdaq: NVDA) today announced that the Securities and Exchange Commission (SEC) has formally notified NVIDIA that the SEC investigation related to NVIDIA's historical stock option grant practices has been terminated. No enforcement action has been recommended.        About ...

What It Takes To Be A Good Manager
-Research from the Kenexa Research Institute Explores What Makes for an     Effective Manager from the Employee Perspective-     WAYNE, Pa., Oct. 30 Research conducted by the Kenexa Research Institute (KRI), a division of Kenexa(R) (Nasdaq: KNXA), a leading provider of talent acquisition and retention solutions, ...

Motive Announces Appointment of BDO Seidman as New Independent Auditor
AUSTIN, TEXAS, October 23 - - Motive, Inc. (OTC: MOTV), a leading provider of management software for broadband and mobile data services, said today that it has appointed BDO Seidman, LLP as the company's new independent auditor, effective as of October 17, 2007. BDO Seidman, LLP is a major accounting firm with more than 30 offices and 250 independent ...

SkillSoft Reports Second Quarter Fiscal 2008 Results Including Revenue of $71.5 Million; SkillSoft Updates Financial Targets for Full Year Fiscal 2008 Include Acquisition of NETg
NASHUA, N.H., Aug. 31 SkillSoft PLC (Nasdaq: SKIL), a leading provider of e-learning and performance support solutions for global enterprises, government, education and small to medium- sized businesses, today announced financial results for its second fiscal quarter of fiscal 2008.    Fiscal 2008 Second Quarter Results    The ...

Deloitte Financial Advisory Services CEO Frank Piantidosi Joins Board of Transparency International-USA
NEW YORK, Aug. 22 // -- Frank Piantidosi, Chairman and CEO of Deloitte Financial Advisory Services LLP (Deloitte FAS), has been elected to the board of directors of Transparency International-USA, the American chapter of Transparency International, a Berlin-based non-profit and non-partisan organization founded in 1993 to curb corruption in international business and ...

Cardinal Health Announces Resolution of SEC Investigation; U.S. Attorneys Office Closes Related Inquiry
DUBLIN, Ohio, July 26 Cardinal Health today announced a final settlement with the Securities and Exchange Commission (SEC) that concludes with respect to the company an investigation related to its historical financial reporting and disclosures from 2000 to 2004. In addition, the company said a related inquiry being conducted by the U.S. Attorney's Office for the ...

Sunrise Announces Exploration of Strategic Alternatives
Provides Update on Pending Restatement and Related Matters     Provides Update on Legal Proceedings in Form 8-K Filing     MCLEAN, Va., July 25 Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that its board of directors has decided to explore strategic alternatives intended to enhance shareholder ...

Dell President, COO Kevin Rollins Calls on Businesses to Go Beyond Corporate Governance Reforms
Dell President, COO Kevin Rollins Calls on Businesses to Go Beyond Corporate Governance Reforms 'Trust must be earned. It can't be legislated,' the newly appointed CEO of Dell said.Round Rock, Texas, May 5, 2004 Dell President and Chief Operating Officer Kevin Rollins called on business leaders to adopt a higher level of ethics and integrity in order to ...

Applix Reports Record License Revenue for Fourth Quarter 2005
    WESTBOROUGH, Mass., Feb. 2 /PRNewswire-FirstCall/ -- Applix, Inc. (Nasdaq: APLX), a global provider of Business Performance Management (BPM) and Business Intelligence (BI) applications, today reported that revenue for the quarter ended December 31, 2005 was $11.08 million, a record for the Company since it became an analytics software-only company ...

WebSurveyor Releases WebSurveyor 5.7
New Product Provides Seamless Integration With Corporate Data Repositories,     New Reporting Features and Intelligent E-Mail Management     HERNDON, Va., Feb. 1 -WebSurveyor Corporation, the leading provider of online survey solutions, has announced today the release of WebSurveyor 5.7. The latest version of its ...

Mercury Completes Systinet Acquisition
Mercury and Systinet to Optimize the Business Outcomes of SOA Applications     MOUNTAIN VIEW, Calif., Feb. 1 - Today, Mercury Interactive Corporation (OTC: MERQ), the global leader in business technology optimization (BTO) software, announced it has completed its acquisition of Systinet Corporation. The acquisition of Systinet, a leading provider ...

BearingPoint Files 2004 Form 10-K
    MCLEAN, Va., Jan. 31 - BearingPoint, Inc. (NYSE: BE), the leading global management and technology consulting firm, today said that it has filed its 2004 financial statements and 2004 Form 10-K with the Securities and Exchange Commission.    "We are pleased to close the books on 2004 following the painstaking review of almost ...

WebSurveyor Announces New Solutions for Internet Retailers
     - Innovative Approach Boosts Conversions and     Stems Shopping Cart Abandonment -     HERNDON, Va., Jan. 18 -WebSurveyor Corporation, the leading provider of online survey solutions and services, has introduced innovative new solutions that allow Internet retailers to ...

Mercury to Acquire Systinet to Capitalize on High-Growth SOA Market
Mercury Expands Mercury BTO Enterprise With Acquisition of Leader in Growing     Service-Oriented Architecture Market     MOUNTAIN VIEW, Calif., Jan. 9 /PRNewswire-FirstCall/ -- Today, Mercury Interactive Corporation (OTC Bulletin Board: MERQ), the global leader in business technology optimization (BTO) software, ...

Applix Announces Settlement of SEC Investigation; No Penalty Assessed; Company Enters into a Cease & Desist Order
    WESTBOROUGH, Mass., Jan. 4 - Applix, Inc. (Nasdaq: APLX), a global provider of Business Performance Management (BPM) and Business Intelligence (BI) software solutions, announced today that it has reached a settlement with the Securities and Exchange Commission concerning the SEC's investigation, begun in 2003, relating to the restatement of the ...

Brocade Reports Fourth Quarter and Fiscal Year 2005 Results
     Q4 05 Revenue Increases 19% Sequentially     SAN JOSE, Calif., Dec. 6 - Brocade Communications Systems, Inc. (Brocade(R)) (Nasdaq: BRCD) today reported financial results for its fourth quarter of fiscal year 2005 (Q4 05), which ended October 29, 2005. Net revenues for Q4 05 were $145.5 million, consistent with the ...

Mercury Granted Extension from NASDAQ
    MOUNTAIN VIEW, Calif., Nov. 29 - Mercury Interactive Corporation (Nasdaq: MERQE) today announced that the NASDAQ Listing Qualifications Panel has granted the Company an extension of time until January 3, 2006 in which to file its quarterly reports on Form 10-Q for the periods ended June 30, 2005 and September 30, 2005, all required restated and ...

Software Magazine Names WebSurveyor to Software 500 Three Times in a Row
    HERNDON, Va., Oct. 5 -WebSurveyor Corporation, the leading provider of online survey solutions, today announced its inclusion on the Software 500 for the third consecutive year. The company climbed five spots in the rankings to number 457 in the Software Magazine's prestigious list of the world's foremost software and services providers, published ...

SkillSoft Reports Second Quarter Fiscal 2006 Results; SkillSoft Raises Full Year Fiscal 2006 Financial Targets
    NASHUA, N.H., Sept. 1 - SkillSoft PLC (Nasdaq: SKIL), a leading provider of content resources and complementary technologies for integrated enterprise learning, today announced financial results for its second fiscal quarter ended July 31, 2005.     Second Quarter Results    The Company reported total revenue ...

MedQuist Announces Preliminary, Partial and Unaudited Financial Results
    MT. LAUREL, N.J., Aug. 19 - MedQuist Inc. (Pink Sheets: MEDQ) announced today certain preliminary, partial and unaudited financial results. Once the Company completes the financial assessment and review of its billing practices disclosed in the Company's previous filings with the SEC, the Company expects that an independent registered ...

Computer Horizons Sends Letter to Shareholders
     Urges Shareholders to Vote "For" Merger with Analysts International     MOUNTAIN LAKES, N.J., Aug., 12 - Computer Horizons Corp. (Nasdaq: CHRZ) today sent the following letter to shareholders urging them to vote "FOR" the proposed merger with Analysts International Corporation (Nasdaq: ANLY):     Dear ...

NDCHealth Reports Fourth Quarter and Fiscal Year-end Results
    ATLANTA, Aug. 10 /PRNewswire-FirstCall/ - NDCHealth Corporation (NYSE: NDC), a leading provider of healthcare technology and information solutions, today announced financial and operating results for its fourth quarter and fiscal year ended May 27, 2005. Financial results for all periods are presented to reflect certain business operations sold or ...


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