Advertisement
YOU ARE HERE: LAT HomeCollectionsSettlements

Business Briefing / SECURITIES

Tracinda settles SEC complaint

September 04, 2008|From Times Wire Services

Billionaire investor Kirk Kerkorian's Tracinda Corp. settled U.S. regulatory claims that the company misleadingly suggested it might increase a stake in General Motors Corp. in 2006 while looking to sell the stock.

Tracinda wasn't fined and resolved the Securities and Exchange Commission's civil complaint by pledging to refrain from similar misconduct, the agency said.

Advertisement
Los Angeles Times Articles
|
|
|