Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

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.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...