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March 22, 2007 | From the Associated Press
A Japanese court convicted four former executives of disgraced dot-com company Livedoor of inflating earnings reports in a scandal that destroyed one of the country's highest-flying Internet start-ups. The rulings followed Livedoor founder Takafumi Horie's conviction on similar charges last week and his prison sentence of 2 1/2 years. Horie lieutenant Ryoji Miyauchi, Livedoor's former chief financial officer, was sentenced to 20 months in prison. Three others were given suspended prison terms.
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BUSINESS
March 22, 2007 | From the Associated Press
A Japanese court convicted four former executives of disgraced dot-com company Livedoor of inflating earnings reports in a scandal that destroyed one of the country's highest-flying Internet start-ups. The rulings followed Livedoor founder Takafumi Horie's conviction on similar charges last week and his prison sentence of 2 1/2 years. Horie lieutenant Ryoji Miyauchi, Livedoor's former chief financial officer, was sentenced to 20 months in prison. Three others were given suspended prison terms.
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WORLD
September 4, 2006 | From Times Wire Reports
Takafumi Horie, the former CEO of the Internet firm Livedoor Co. who came to symbolize a freewheeling capitalism that challenged Japan's corporate norms, pleaded not guilty today to charges of breaking securities laws. A January raid on Livedoor sent Tokyo share prices tumbling, halting trade and rattling confidence in the world's second-largest exchange. The case embarrassed Prime Minister Junichiro Koizumi, who had supported Horie's unsuccessful run for parliament.
WORLD
September 4, 2006 | From Times Wire Reports
Takafumi Horie, the former CEO of the Internet firm Livedoor Co. who came to symbolize a freewheeling capitalism that challenged Japan's corporate norms, pleaded not guilty today to charges of breaking securities laws. A January raid on Livedoor sent Tokyo share prices tumbling, halting trade and rattling confidence in the world's second-largest exchange. The case embarrassed Prime Minister Junichiro Koizumi, who had supported Horie's unsuccessful run for parliament.
WORLD
March 31, 2006 | From the Associated Press
The entire leadership of Japan's biggest opposition party will step down after a party member falsely accused the son of a ruling party leader of financial links with disgraced Internet company Livedoor, news reports said today. Seiji Maehara, head of the Democratic Party of Japan, and his secretary general, Yukio Hatoyama, told colleagues that they would resign, Kyodo News agency and national broadcaster NHK reported.
WORLD
March 31, 2006 | From the Associated Press
The entire leadership of Japan's biggest opposition party will step down after a party member falsely accused the son of a ruling party leader of financial links with disgraced Internet company Livedoor, news reports said today. Seiji Maehara, head of the Democratic Party of Japan, and his secretary general, Yukio Hatoyama, told colleagues that they would resign, Kyodo News agency and national broadcaster NHK reported.
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