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Friday, June 14, 2024 | Back issues
Courthouse News Service Courthouse News Service

Gemstar’s Ex-CEO Coughs Up $29 Million

WASHINGTON (CN) - The SEC obtained a court order that will stop payment of a $29.5 million severance payment to former Gemstar-TV Guide CEO Henry Yuen, and will return the money to the company and shareholders, the Commission said. Yuen has been convicted of committing securities fraud before leaving the Pasadena-based company, and fined $22 million - separate money than that involved in the severance payment, the SEC says.

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