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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.
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