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Steven Madden Ltd

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BUSINESS
June 4, 2001 | STEVE JAMES, REUTERS
The only fashion statement shoe designer Steve Madden is likely to make in the next few years will be whether he uses twin-needle pin tucking or free-motion stitching for the mailbags he could end up piecing together in prison. Or maybe which orange jumper he'll wear to the dining hall. But what of the trendy footwear company that bears his name? How will it carry on while its founder, former chief executive and creative force sits behind bars? Business school experts said Steven Madden Ltd.
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BUSINESS
June 4, 2001 | STEVE JAMES, REUTERS
The only fashion statement shoe designer Steve Madden is likely to make in the next few years will be whether he uses twin-needle pin tucking or free-motion stitching for the mailbags he could end up piecing together in prison. Or maybe which orange jumper he'll wear to the dining hall. But what of the trendy footwear company that bears his name? How will it carry on while its founder, former chief executive and creative force sits behind bars? Business school experts said Steven Madden Ltd.
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BUSINESS
June 22, 2000 | Reuters
Shoe designer and retailer Steven Madden Ltd. named a new chairman after its founder and current chairman was arrested on charges of securities fraud the day before. The company said Steven Madden will remain chief executive but will temporarily relinquish his role as chairman. The board tapped Charles Koppelman, former chairman of EMI Records' North-American operations, as temporary chairman. The move comes a day after Koppelman, 50, was named chairman of Worldwide Entertainment & Sports Corp.
BUSINESS
June 22, 2000 | Reuters
Shoe designer and retailer Steven Madden Ltd. named a new chairman after its founder and current chairman was arrested on charges of securities fraud the day before. The company said Steven Madden will remain chief executive but will temporarily relinquish his role as chairman. The board tapped Charles Koppelman, former chairman of EMI Records' North-American operations, as temporary chairman. The move comes a day after Koppelman, 50, was named chairman of Worldwide Entertainment & Sports Corp.
BUSINESS
April 5, 2002 | From Bloomberg News
Steven Madden, who parlayed platform sneakers and other trendy footwear for young women into a $200-million-a-year business, was sentenced Thursday to 41 months in prison for manipulating initial public offerings. Madden, the former chief executive of the company that bears his name, admitted last year that he conspired with two brokerages to inflate IPO share prices. The scheme earned him $3.1 million and cost investors almost $100 million, authorities said. U.S.
BUSINESS
October 3, 2000
* Honda Motor Co.'s Insight, a gasoline-electric car with two seats, received the U.S. government's highest mileage rating for the second year in a row. Among sport-utility vehicles, which have a reputation for gas guzzling, the most fuel efficient was Toyota Motor Corp.'s RAV4 with two-wheel drive. The RAV4 model averaged 25 mpg in city driving and 31 mpg on highways, according to the U.S. list.
BUSINESS
May 12, 1998 | From Times Staff and Wire Reports
Two former executives of a defunct New York brokerage were arrested Monday and charged with netting $3 million for the company by illegally manipulating securities of two companies, including United Leisure Corp. in Fountain Valley. New York authorities accused the defendants of gaining control of the trading in securities of United Leisure and Steven Madden Ltd. before artificially increasing the bid price and selling shares to investors.
BUSINESS
June 21, 2000 | From Bloomberg News
Steven Madden, a high-fashion shoe designer who heads Steven Madden Ltd., was arrested Tuesday on charges of securities fraud in a case involving the alleged manipulation of 22 initial public stock offerings. Madden participated in schemes to manipulate IPOs--including his own company's--that were underwritten between 1991 and 1997 by brokerage Stratton Oakmont Inc. and its affiliate, Monroe Parker Inc., according to federal prosecutors in Manhattan and Brooklyn.
BUSINESS
May 24, 2001 | ANNE D'INNOCENZIO, ASSOCIATED PRESS
Shoe designer Steve Madden, who built a $200-million company based on his trademark chunky shoes for teenagers, pleaded guilty Wednesday to federal charges of securities fraud and money laundering. "It's been traumatic," Madden told Judge Kimba Wood in a Manhattan federal court. The guilty plea closes a chapter on a scandal that captivated the fashion industry.
BUSINESS
April 7, 2003 | P.J. Huffstutter, Times Staff Writer
Skechers USA Inc. -- the Manhattan Beach-based shoe company known for its hip product lines and even hipper young clientele -- has been hit with a slew of shareholder lawsuits and accused by angry investors of selling off shares while failing to disclose competition troubles that have weighed down its stock price. At least seven class-action suits have been filed since the end of March, with the latest filed Friday in District Court in Los Angeles.
BUSINESS
August 12, 2005 | Leslie Earnest, Times Staff Writer
Seeking to expand its footprint, Pacific Sunwear of California Inc. said Thursday that it would launch a chain of shoe stores aimed at college-age customers. The Anaheim-based company said it planned to open eight to 10 stores -- dubbed One Thousand Steps -- in the first half of next year. Eventually, the chain could swell to as many as 800 stores, rivaling the number of locations of its PacSun chain.
NEWS
November 5, 2001 | JAMES BATES, TIMES STAFF WRITER
What do Martha Stewart, Big Steel, auto makers, Planet Hollywood, trendy clothing manufacturers, software companies, Donald Trump and Scottish pubs have in common? Each is blaming poor financial performance on the recent terrorist attacks. To hear executives tell it, lagging attendance at the MGM film "Bandits," a dip in burger sales at Wendy's International Inc. and fewer portabello mushroom pies ordered at California Pizza Kitchen Inc. restaurants are explained by two words: Sept. 11.
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