Ex-Kmart to exec ordered to pay $10M
by Associated Press Published: February 25,2010
Tags: ivesting, publicly traded company, retail, stocks and bonds
DETROIT — The former head of Kmart Corp. has been ordered to pay more than $10 million for misleading investors about the retailer’s health before it sought bankruptcy court protection in 2002. U.S. Magistrate Judge Steven Pepe (Payp) released a 70-page decision Thursday, nearly nine months after Charles Conaway was found liable in a civil [...] [...]
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