Viacom Inc. said Judy McGrath , who joined the company’s MTV cable channel as a copywriter in 1981, is resigning as chairman and chief executive officer of the MTV Networks division, effective immediately.
Amelia Cottrell, a U.S. Securities and Exchange Commission investigator who helped build an insider-trading case against a unit of billionaire Steven A. Cohen’s SAC Capital Advisors LP, was promoted to a top enforcement position in the agency’s New York office.
Robert Moffat, an ex-International Business Machines Corp. senior vice president ordered to spend six months in prison for his role in an insider-trading scheme, will start serving his sentence early to get it out of the way.
Viacom Inc., the owner of MTV Networks, was sued by Family Suites Resort LLC for breach of contract over a deal to license Viacom’s Nickelodeon brand for a hotel in Florida, according to a complaint filed yesterday in New York Supreme Court.
The ex-wife of a former Microsoft Corp. employee could be eligible for a $1 million bounty for helping U.S. regulators impose one of the largest-ever insider trading fines against Arthur Samberg’s Pequot Capital Management Inc.