The former chief executive of Gemstar-TV Guide International Inc. may face jail time if a federal judge in Los Angeles rejects his plea agreement this week.
Henry Yuen, who was ousted in 2002 after Gemstar lost almost $3 billion in market capitalization due to accounting restatements, pleaded guilty in October to destroying computer files during a separate investigation by the U.S. Securities and Exchange Commission. As part of the deal, he agreed to pay a $250,000 fine and to donate $1 million to charity while serving two years’ probation and six months of home detention.
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