News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-02-06T17:21:00
Acacia Research Corp. disclosed the completed findings of its internal investigation into former Chief Executive Clifford Press and whether he misappropriated corporate funds and resources for personal use.
The results, announced in a regulatory filing Friday, confirmed initial findings revealed by the company in December that Press provided inaccurate information regarding certain corporate expenses, misused funds, and made misrepresentations to the company’s board of directors, according to Acacia. These actions resulted in Press violating the company’s code of conduct, Acacia determined.
As a result of the findings, Acacia said it filed an arbitration demand against Press seeking restitution and other remedies for its shareholders. The company also said it “enhanced its travel and entertainment policy and is considering additional measures concerning various related internal policies and procedures.”
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
2020-10-26T16:33:00Z By Kyle Brasseur
Patent licensing firm Acacia Research Corp. announced the firing of its general counsel less than a month after she was fined $25,000 by the SEC for impeding an investigation into her former employer.
2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-04-03T04:34:00Z By Kyle Brasseur
“If you want to start to know who’s lying to you, all you got to do is pay attention differently,” advised body language expert Traci Brown during her opening keynote at Compliance Week’s 2024 National Conference.
2020-12-16T16:48:00Z By Tristan Jenkinson, International Compliance Association
As the compliance world evolves, the skill sets needed by practitioners are changing. The ability to run investigations effectively is now highly prized, and key skills, such as understanding the use of technology, will be among the most fundamental in the years ahead.
2020-05-11T12:44:00Z By Lara Burke & Dominique Strieder, CW Guest Columnists
For companies, compliance professionals, and lawyers who are currently conducting or about to begin complicated internal investigations remotely, we suggest a few practical pointers.
Site powered by Webvision Cloud