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BUSINESS
March 13, 2003 | Sallie Hofmeister, Times Staff Writer
The founder and the former chief financial officer of Gemstar-TV Guide International Inc. have reneged on commitments to honor subpoenas issued by the Securities and Exchange Commission, prompting the agency to seek a court order Wednesday to compel them to testify. The SEC, which is investigating Gemstar's financial reporting practices, said in court filings that former CFO Elsie Leung "failed to obey" a subpoena to appear on March 10 in U.S.
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BUSINESS
June 14, 2006 | Claire Hoffman, Times Staff Writer
Gemstar-TV Guide International Inc. said Tuesday that it had settled long-standing litigation with former Chief Financial Officer Elsie Ma Leung. The settlement will free the company from having to pay her $8.4 million in severance in the wake of alleged accounting misdeeds. Under the deal, Leung and Gemstar will drop their claims against each other. The agreement ends a portion of one of Southern California's largest corporate scandals. Leung, along with former Gemstar Chief Executive Henry C.
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BUSINESS
June 14, 2006 | Claire Hoffman, Times Staff Writer
Gemstar-TV Guide International Inc. said Tuesday that it had settled long-standing litigation with former Chief Financial Officer Elsie Ma Leung. The settlement will free the company from having to pay her $8.4 million in severance in the wake of alleged accounting misdeeds. Under the deal, Leung and Gemstar will drop their claims against each other. The agreement ends a portion of one of Southern California's largest corporate scandals. Leung, along with former Gemstar Chief Executive Henry C.
BUSINESS
March 13, 2003 | Sallie Hofmeister, Times Staff Writer
The founder and the former chief financial officer of Gemstar-TV Guide International Inc. have reneged on commitments to honor subpoenas issued by the Securities and Exchange Commission, prompting the agency to seek a court order Wednesday to compel them to testify. The SEC, which is investigating Gemstar's financial reporting practices, said in court filings that former CFO Elsie Leung "failed to obey" a subpoena to appear on March 10 in U.S.
NEWS
February 13, 1999 | From Times Wire Reports
Elsie Leung, Hong Kong's justice secretary, said Chinese officials she had met in Beijing told her that a controversial court ruling on immigration violated the territory's Basic Law and should be rectified. China has challenged the court ruling that opens the door to tens of thousands of potential immigrants from the mainland. Outraged Hong Kong politicians have accused Beijing of meddling.
BUSINESS
November 30, 2005
* Fresno-based Apparel retailer Gottschalks Inc. said its third-quarter loss widened slightly on higher distribution costs and sluggish sales. The loss was $1.6 million, or 12 cents a share, compared with $1.5 million, or 12 cents, a year ago. Sales increased 2.3% to $151.3 million. Sales at stores open at least a year fell 0.5%. * Knight Ridder Inc.
BUSINESS
September 8, 2005 | From Bloomberg News
The Securities and Exchange Commission can proceed with a fraud lawsuit against former Gemstar-TV Guide International Inc. Chief Executive Henry Yuen after a proposed settlement of the case stalled. A federal judge in Los Angeles last week denied a motion by Yuen and former Gemstar Chief Financial Officer Elsie Leung to dismiss part of the case.
BUSINESS
May 14, 2003 | From Dow Jones/Associated Press
Gemstar-TV Guide International Inc. said it named Brian D. Urban chief financial officer. Urban succeeds Paul Haggerty, who has been the company's acting chief financial officer since November, when Elsie Leung resigned as CFO. The company is the subject of a Securities and Exchange Commission investigation into its accounting practices. Last week, a federal judge ordered Gemstar to continue to withhold $37.6 million in severance payments to Leung and former Chief Executive Henry Yuen.
BUSINESS
May 10, 2003 | Sallie Hofmeister, Times Staff Writer
A federal judge in Los Angeles on Friday ordered Gemstar-TV Guide International Inc. to continue withholding a $37.64-million severance payment from two former top executives who are under investigation for alleged securities fraud. The Securities and Exchange Commission, when pressed by U.S.
BUSINESS
January 4, 2005 | From Bloomberg News
Gemstar-TV Guide International Inc., the publisher of TV Guide, said Monday that it had settled the remaining shareholder lawsuits that claimed the company inflated revenue from 1999 through 2002 to boost its stock price. Gemstar spokesman Whit Clay would not disclose financial terms of the settlement. The Hollywood-based company said in a statement that its previously established reserves "are expected to be sufficient." Clay said Gemstar had not disclosed the amount of its reserves.
BUSINESS
October 12, 2005 | From Bloomberg News
Two former executives of Gemstar-TV Guide International Inc. lost a U.S. Supreme Court appeal that claimed federal securities regulators lacked authority to freeze their severance pay totaling $37.6 million. The court in Washington on Tuesday declined to hear the appeal by former Gemstar Chief Executive Henry Yuen and former Chief Financial Officer Elsie Leung.
BUSINESS
September 25, 2004 | From Bloomberg News
A federal appeals court said Friday that it had agreed to review whether former Gemstar-TV Guide International Inc. Chief Executive Henry Yuen should collect $29.5 million in severance that was frozen after regulators accused him of accounting fraud. The U.S. 9th Circuit Court of Appeals in San Francisco granted a Securities and Exchange Commission request that a panel of 11 judges review the case.
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