- Breaking News San Mateo County ninth-graders struggle to stay fit
- Breaking News Food and wine events
- Breaking News Ask Amy: What To Do When the Doctor Isn t in the House
- Breaking News Ed Blonz: Keep your diet normal pre-surgery
SKorean court clears Lone Star of stock manipulation
0 Comments | AFP, June, 2008
SEOUL (AFP) — A South Korean appeals court Tuesday found US buyout fund Lone Star not guilty of rigging shares following its purchase of a local bank in 2003, and cancelled fines totalling almost 50 million dollars.
The ruling could help clear the way for global giant HSBC to buy the Korea Exchange Bank (KEB) from Lone Star in a six-billion-dollar deal.
But the watchdog Financial Services Commission (FSC) said it was still not ready to approve the HSBC deal in light of a possible appeal.
"As to the stock manipulation charge, there is a lack of evidence to prove the guilty verdicts," said senior appeal court judge Ko Ui-Yong.
He overturned a five-year prison sentence imposed by a lower court in February on Paul Yoo, head of Lone Star's Korean unit....
- Getting to the root of beautiful hair: shiny, silky hair begins with a healthy scalp - includes list of resources and a recipe for an herbal scalp tonic
- Portfolio forecasting tools: what you need to know
- Made from scratch: When Honda built a plant in Alabama it also built a workforce-using local workers who had no experience in making cars - Recruitment & Hiring
- Industry Experts Launch Money Management Resources to Help People Overcome Debt and Learn Proper Money Management Practices
- Funds transfer pricing: A perspective on policies and operations
- Taylor Fund L.P. Gains 40.53% in Third Quarter
- A multi-class SVM classifier utilizing binary decision tree
- Why fly solo when an executive assistant can accelerate your CLNC® business?