California’s attorney general is investigating methods used by Hewlett Packard to oversee the activities of certain directors after a media leak.
In a bid to discover which employee had leaked “confidential” reports to the press, HP hired undercover consultants.
The firm’s counsel said HP’s methods were “not generally unlawful” but could not say if the techniques used by outside agents complied with the law
Takafumi Horie, former boss of Japanese internet firm Livedoor who quit amid a corporate scandal, has pleaded not guilty to fraud charges in court.
Mr Horie denied violating securities laws by falsifying profit figures to boost Livedoor’s share price.
The 33-year old faces a maximum of five years in jail if found guilty
The Association of British Travel Agents (Abta) is reducing the protection for customers offered by its code of conduct for travel agents.
From 1 September, compensation will no longer be paid to people who have lost money to a dishonest travel agent.
Abta says this sort of thing normally happens only once a year
Kerri Rigsby and Cori Rigsby, two independent insurance adjusters who worked exclusively for State Farm for eight years, say they have turned over to the FBI and Mississippi investigators thousands of documents proving that the insurance company systematically cheated victims of Hurricane Katrina. In an interview with ABC News, Rigsby and Rigsby describe what they call “widespread fraud” in State Farm offices in Biloxi and Gulfport, Mississippi.
The adjusters say that the insurance company brought in a shredding truck to destroy documents; however, State Farm maintains that shredding documents is standard procedure to protect customers’ privacy
A former executive at US technology firm Peregrine Systems is facing extradition to the US on fraud charges.
Jeremy Crook, 53, is facing charges in the US accused of defrauding Peregrine shareholders for several years.
Mr Crook had hoped to travel to the US so as to hand himself over to American authorities
Apple Computer has said a report of labour conditions at its iPod plant in China found workers did more than 60 hours a week a third of the time.
Staff making the world’s most popular MP3 player also worked more than six consecutive days 25% of the time.
Apple said the hours were “excessive” and said its supplier would now be enforcing a “normal” 60-hour week
US Federal prosecutors have raised the amount that former Enron boss Jeffrey Skilling should pay for his part in one of the largest fraud scandals ever.
Prosecutors want Skilling to pay the sum demanded by the court both from him, and from his now-deceased former co-defendant, Ken Lay, Enron’s founder.
They want Skilling to hand over $183m (£96m), the combined sum the two were set to pay, not just his $139m sum
Dell, the world’s largest computer maker, is facing legal action in China over allegations of false advertising.
The group has been sued over charges its laptops contained a different, cheaper chip than those advertised.
According to state media reports at least 20 lawsuits have been filed against the Texas-based firm
Czech trade watchdogs have fined a unit of German utility RWE a record $17m (£8.9m) for violating competition laws.
Regulators said RWE’s gas operation, Transgas, had discriminated against regional gas distributors by offering better deals to its own subsidiaries
GlaxoSmithKline has agreed to pay out $70m (£36.9m) to settle numerous civil claims of price-fixing in the US.
Several states, health plans and numerous consumers had launched legal action against the group claiming it had inflated the price of some drugs