The Securities and Exchange Commission has announced that Lorin Reisner, a former federal prosecutor and current litigation partner at international law firm Debevoise & Plimpton, will join the Enforcement Division as deputy director in early August. Reisner has been a litigation partner at Debevoise & Plimpton since 1996. His practice has emphasized white collar criminal […]
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
Posted inBoards & Shareholders
Chrysler Group Appoints Several New Board Members
Chrysler Group, which emerged from bankruptcy June 10 by selling most of its assets to a company led by Italy’s Fiat Spa, has appointed six new members to its board of directors. The new members of the board include: James Blanchard, former governor of Michigan; Douglas Steenland, former chief executive of Northwest Airlines; Ronald Thompson, […]
Posted inFrom the Archive
New Chief Compliance Officer at WellCare Health Plans
$6.5 billion WellCare Health Plans, based in Tampa, Fla., has appointed Jonathan Rich as senior vice president and chief compliance officer, effective Aug. 11. Rich was formerly general counsel and chief compliance officer for health insurer Aveta. Prior to joining Aveta in 2006, Rich was a senior executive at Oxford Health Plans for eight years, […]
Posted inFrom the Archive
Cigna Appoints New Chief Accounting Officer
$19.1 billion health service company CIGNA has named Mary Hoeltzel as vice president and chief accounting officer, effective July 2. She succeeds Annmarie Hagan, who became CIGNA’s chief financial officer in late May. In her new role, Hoeltzel will be responsible for enterprise accounting, internal and external financial reporting, and related analysis. She will partner […]
Posted inData Privacy
FTC Decision Jolts Collection of Customer Data
A proposed settlement between the Federal Trade Commission and Sears Holdings Corp. could portend a new wave of enforcement actions against companies that deceptively collect consumer information. The settlement raps Sears Holdings—which owns both Sears and K-Mart—for enticing visitors to the stores’ Websites to enroll in a special “My SHC Community” program where they downloaded […]
Posted inFrom the Archive
Aon Corporation Names New General Counsel
$7.6 billion Aon Corporation has appointed Peter Lieb as executive vice president and general counsel. Lieb, currently senior vice president, general counsel, and secretary at NCR Corporation, will join Aon in mid-July. Lieb joined NCR in 2006, where he managed an international law department and provided counsel to the board of directors and senior executives […]
Posted inFrom the Archive
New CRO at OneAmerica Financial Partners
OneAmerica Financial Partners, an insurance holding company, has announced the promotion of Vicki Yamasaki to the position of chief risk officer, effective July 1. Yamasaki has served as OneAmerica’s vice president of strategic planning since 2004. Previously, Yamasaki served as a partner with PricewaterhouseCoopers in the Global Risk Management Practice where she served clients nationally. […]
Posted inFrom the Archive
SEC Sues Ex-CAO of Beazer Homes in Earnings Scheme
The SEC on July 1 charged Michael Rand, the former chief accounting officer of Atlanta-based homebuilder Beazer Homes, USA, for conducting a multi-year fraudulent earnings management scheme to meet analysts’ expectations, and for misleading auditors to conceal his activity. The SEC alleges that Rand fraudulently decreased Beazer’s reported net income by recording improper accounting reserves […]
Posted inBoards & Shareholders
3Com Corporation Elects New Board Member
$1.3 billion 3Com Corporation, a networking hardware and software provider, has elected J. Donald Sherman, the chief financial officer of Akamai Technologies, to serve on its board of directors, effective July 31. He will also serve on the audit and finance committee. Sherman has been Akamai’s CFO since March 2006 and was its senior vice […]
Posted inRegulatory Enforcement
Credit Crisis Class-Action Suits Skyrocket
Corporate America, brace yourself: The unending fallout of the global financial crisis continues to drive a wide range of complicated and highly aggressive securities litigation. Worse yet, filing activity shows no signs of slowing down. According to a recent report by NERA Economic Consulting, litigation related to the credit crisis-related skyrocketed from 69 cases in […]
