SOX Center

Amcor Limited announced today that it intends to voluntarily withdraw its American Depositary Receipts (ADRs) from listing on The NASDAQ Stock Market LLC and to deregister its ADRs and its ordinary shares under the U.S. Securities Exchange Act after the recently adopted deregistration rules of the U.S. Securities and Exchange Commission (SEC) become effective on […]

Telekom Austria, Vernalis Plan to Delist From U.S. Exchanges
European companies are already signaling their intent to take advantage of a pending change in rules that will let them easily cancel U.S. stock listings and escape the regulatory constraints of the Securities and Exchange Commission and the Sarbanes-Oxley Act.
Telekom Austria AG and Vernalis PLC, a […]

Richard Wasielewski, Nortech Systems, Inc. (NASDAQ:NSYS) vice president and chief financial officer, testified Wednesday before a U.S. Senate Committee on Small Business and Entrepreneurship that Sarbanes-Oxley (SOX) regulatory requirements have both helped Nortech improve its internal controls and financial reporting practices but also that the new requirements have added considerably to the company’s costs.
Wasielewski appeared […]

Fuwei Films (Holdings) (Nachrichten) Co., Ltd. (”Fuwei Films” or the ” Company”) announced the appointments of Ms. Cindy Lu and Dr. Zhibing Qian as Senior Vice Presidents.
Xiaoan He, CEO and Chairman of Fuwei Films stated that, “We are pleased to have new members join our management team. Ms. Lu will take full charge of investor […]

Markets: Investors are taking companies private at a record pace. On Monday, it was Sallie Mae, the mammoth school-loan company, in a $25 billion deal. Do private equity firms know something the rest of us don’t?
It sure seems so to us. Make no mistake about it: Sallie Mae is big, and dominant in its industry. […]

Adecco, the world’s biggest temporary employment group, on Wednesday became the latest European company to seek a delisting from the New York Stock Exchange because of limited trading volumes and high costs.
However, the decision is particularly piquant for Adecco, which became the first big European group to fall foul of the intricacies of the US […]

On April 10th, at 1:30 p.m. EST, join OiWare’s CEO Alec Brophy for a 30-minute Web cast with an interactive discussion .
Join OiWare’s CEO Alec Brophy 30 Minute Web cast with an interactive discussion will highlight:
- Market trends and developments
- Vision on the market and positioning of OiWare
- Concerns for executives
- The need for a […]

Double-listed the company’s assets to induce a bank to continue financing its operations.
Steven Garfinkel, former chief financial officer of defunct health-care finance company DVI, was sentenced to 30 months in prison and ordered to pay $51 million in restitution, reported the Philadelphia Business Journal.
Last December, Garfinkel pleaded guilty to mail fraud and to violating the […]

Nicor Inc. (NYSE:GAS) today announced that it has reached a settlement agreement with the United States Securities and Exchange Commission (”SEC”) resolving charges filed today against the company in connection with the SEC’s investigation of the results of the company. The company had announced in 2002 that the SEC had begun a formal investigation in […]

The Securities and Exchange Commission can now nominate its own candidates for the Financial Accounting Standards Board.
Under an agreement between the Securities and Exchange Commission and the parent foundation of the Financial Accounting Standards Board, the SEC will have more authority over the appointment of members of the private board, The Wall Street Journal reported […]