The U.S. Supreme Court expanded the reach of a federal law enacted in response to the 2001 Enron Corp. collapse, saying it protects people who work for a public company’s contractors, including law firms and auditors.
The U.S. Supreme Court revisited the 2001 Enron Corp. collapse as the justices debated whether a federal law protects whistle-blowers working for auditors, law firms and other advisers to publicly traded companies.
The U.S. Supreme Court revisited the Enron Corp. collapse as the justices debated whether whistle- blower protections in a 2002 law cover employees of auditors, law firms and other advisers to publicly traded companies.
The Justice Department appears to have learned a lesson in the 10 years since it indicted Arthur Andersen LLP for alleged improprieties in the firm’s Enron bookkeeping. By 2005, when the U.S. Supreme Court unanimously vacated a conviction in the case, the accounting firm had collapsed, and all but a handful of the 85,000 employees worldwide lost their jobs.
U.S. prosecutors plan to charge SAC Capital Advisors LP, the hedge fund founded by Steven A. Cohen, as soon as this week as part of a wide-ranging probe of insider trading, according to a person familiar with the matter.
Shadi Sadeek Sanbar, chief financial officer at Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Co., is planning to leave the company this month, according to four people with knowledge of the matter.