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.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
