Advertisement
YOU ARE HERE: LAT HomeCollections

Business Briefing / Wall Street

SEC seeks fine for ex-Kmart exec

August 04, 2009|Times Wire Reports

Federal regulators are seeking more than $22 million from the former head of Kmart Corp., who was found liable for misleading investors about the company's finances.

The Securities and Exchange Commission is asking a judge to punish Charles Conaway for "intentionally lying" to Wall Street and concealing information from Kmart directors before a bankruptcy filing in 2002.

Advertisement
Los Angeles Times Articles
|
|
|