As entrepreneurs and venture capitalists swilled beer and swapped business cards at a technology conference in Austin, Texas, Kevin Callahan hunkered down March 9 for a closed-door meeting with Senator Jerry Moran.
Daily Journal Corp., the California publisher that counts billionaire Charles Munger as chairman, was faulted by its auditor for inadequate accounting controls in a delayed annual report to the Securities and Exchange Commission.
Just before 1 p.m. on June 9, 5,700 options tied to Clorox Co. were bought on U.S. markets for about $170,000. Traders snapped up the underlying stock and within half an hour, more than $450 million had been added to the bleachmaker’s shares.
R. Allen Stanford, the indicted financier, sued U.S. prosecutors and agents of the FBI and Securities and Exchange Commission, accusing them of “abusive law enforcement” and seeking $7.2 billion in damages.