South Bay News
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Aeropostale Inc.’s former top merchandise executive Christopher Finazzo, who was convicted of defrauding the clothing retailer, was ordered to forfeit more than $25 million, prosecutors said.
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Aeropostale Inc.’s former top merchandise executive was found guilty of defrauding the clothing retailer by striking illegal deals with a vendor that prosecutors said enriched him by as much as $25 million.
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Aeropostale Inc.’s former top merchandise executive struck a secret business deal with one of the retailer’s largest vendors and should be convicted of fraud, a federal prosecutor told a jury.
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Aeropostale Inc.’s former chief executive officer testified that he fired Christopher Finazzo from his job as a merchandise executive in 2006 after learning about his secret dealings with a vendor.
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Bayer AG’s patent on the birth control pill Yaz is invalid, a U.S. appeals court said in a decision ensuring that Actavis Inc. and Novartis AG’s Sandoz unit can sell copies of the contraceptive.
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Former Aeropostale Inc. merchandise executive Christopher Finazzo conspired to secretly steer $350 million in purchase deals to a T-shirt vendor he co-owned with a friend, a U.S. prosecutor said at the start of a trial in Brooklyn, New York.
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ProtoStar Ltd., after its creditors’ committee reached an agreement with secured lenders, still faces opposition at an Oct. 6 confirmation hearing for approval of the settlement and its Chapter 11 plan.
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Arnold & Porter LLP is ineligible to serve as a special counsel for Workflow Management Inc. , according to objections lodged by the U.S. Trustee and the first- and second-lien lenders.
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Dynegy Inc. , a Houston-based power producer, restored output at generating units in Southern California.
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Dynegy Inc., a Houston-based power producer, returned to service a generating unit in Southern California.
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