Nicholas Sweers News
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Motorola Solutions Inc. gained final federal court approval of a $200 million settlement with shareholders who sued the company and top executives in 2007 for allegedly overstating its prospects in the prior year.
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Motorola Solutions Inc. agreed to pay $200 million to settle a 2007 investor lawsuit accusing the company of overstating its sales prospects.
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An ex-Motorola Inc. software engineer, stopped by U.S. customs agents at a Chicago airport while allegedly carrying 1,000 company documents, $30,000 and a one-way ticket to China, committed economic espionage for her native country, a federal prosecutor told a trial judge.
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Another financial scandal. Another cover-up by regulators. Four years ago, inspectors for the auditing industry's chief watchdog discovered that KPMG LLP had let Motorola Inc . record revenue during the third quarter of 2006 from a transaction with Qualcomm Inc., even though the final contract wasn’t signed until the early hours of the fourth quarter. That’s no small technicality. Without the deal, Motorola would have missed its third-quarter earnings target.
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Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.
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JPMorgan Chase & Co. was sued by two investors who claim the bank was “at the very center” of Bernard Madoff’s Ponzi scheme.
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Dyson Ltd., the maker of the Dyson bagless vacuum cleaner, sued LG Electronics Inc. for patent infringement.
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