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Joseph Perrone

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BUSINESS
November 9, 2002 | Elizabeth Douglass
Global Crossing Ltd. reorganized its finance department and reassigned the executive who led the company's accounting department. Joseph Perrone, formerly executive vice president of finance, was moved to the newly created position of executive vice president of business performance, according to an internal announcement.
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BUSINESS
April 12, 2005 | From Reuters
U.S. market regulators said Monday that they had settled allegations against Global Crossing Ltd. and three former executives, ending a three-year investigation of the company's financial reports from 2001.
BUSINESS
July 21, 2004 | From Bloomberg News
The U.S. Labor Department approved a $79-million settlement of a lawsuit brought by employees of Global Crossing Ltd. against former company executives including ex-Chairman Gary Winnick over management of its retirement plan. The proposed class-action settlement needs court approval, the Labor Department said Tuesday.
BUSINESS
July 4, 2002 | James S. Granelli
Global Crossing Ltd. said Wednesday that federal prosecutors in Los Angeles will investigate allegations that two employees shredded documents at the Madison, N.J., offices of the bankrupt fiber-optic network builder after government investigations began. Global Crossing has said that documents unrelated to government and securities fraud lawsuits were destroyed at five of its U.S. and Canadian offices, but not at its U.S. headquarters.
BUSINESS
March 21, 2002 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
A group of former top executives of Frontier Corp. unveiled plans Wednesday to bid for the U.S. portion of Global Crossing Ltd.'s communications network. The group is led by Anthony J. Cassara, who was president of the carrier business at Frontier and then at Global Crossing after it acquired Frontier. Cassara has run his own telecommunications consulting group since leaving Global Crossing nearly two years ago.
BUSINESS
May 14, 2002 | From Reuters
High-speed network operator Global Crossing Ltd. will pay some workers incentives to stay on, with nearly half a million dollars allotted to two executives who are defendants in suits related to the company's collapse, a U.S. Bankruptcy Court judge ruled Monday. Judge Robert Gerber, of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan, approved the plan to give 417 employees a total of $8.
BUSINESS
February 20, 2002 | KAREN KAPLAN and ELIZABETH DOUGLASS, TIMES STAFF WRITERS
When an economic slowdown last year threatened to produce a gap between Global Crossing Ltd.'s first-quarter sales figures and the numbers it had promised Wall Street, the ambitious telecommunications giant didn't want to disappoint. Global Crossing made the numbers, but now the company stands accused of using aggressive--and potentially fraudulent--accounting techniques to inflate its sales and earnings figures.
BUSINESS
February 2, 2002 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Federal securities regulators are looking into an ex-employee's allegations that Global Crossing Ltd. used misleading accounting techniques to enhance its revenue, according to the company and the ex-employee's attorney. Officials at the Securities and Exchange Commission apparently started their review this week after news that Roy Olofson, a former finance executive at Global Crossing, warned the company's top attorney about his concerns in a letter in August.
BUSINESS
September 24, 2002 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
A former finance executive at Global Crossing Ltd. will break his long silence today to describe to a congressional panel how he raised concerns about the company's accounting in mid-2001, only to be ignored, fired and labeled an extortionist by company executives.
BUSINESS
July 19, 2002 | JUBE SHIVER Jr., TIMES STAFF WRITER
The House Energy and Commerce Committee, in a probe similar to one launched this month by the Justice Department, is looking into claims of document shredding at Global Crossing Ltd. Committee Chairman W.J. "Billy" Tauzin (R-La.) and James C. Greenwood (R-Pa.
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