SOX Center

The Asia Tigers Fund, Inc. (NYSE: GRR; the “Fund”) reports to stockholders that its Chief Executive Officer has submitted to the New York Stock Exchange his required annual certification for 2006 and that the Fund has included the certifications of its Chief Executive Officer and Chief Compliance Officer, as required by Section 302 of the […]

Bolstered by a series of delays granted by the SEC and highly publicized criticism of Sarbanes-Oxley legislation, many smaller companies are playing the waiting game with Section 404 compliance. With the deadline fast-approaching, smaller companies need to look beyond the hype and accept that SOX is not going away.
Rumors are circulating about the possibility of […]

Suit alleges they tried to bridge gaps in the company’s performance by manipulating finances.
The Securities and Exchange Commission charged 4 former Nortel Networks executives with accounting fraud Monday.
Former CFO and controller Douglas C. Beatty, former CFO and CEO Frank A. Dunn, former Controller Michael J. Gollogly and former Assistant Controller and VP of corporate reporting […]

A federal judge has dismissed a proposed shareholder class action lawsuit charging that MBIA Inc. defrauded investors by using sham reinsurance transactions to mask a $170 million bond loss in 1998.
U.S. District Judge Louis L. Stanton ruled Tuesday that the suit is barred by the two-year statute of limitations in the Sarbanes-Oxley Act.
Armonk, N.Y.-based financial […]

Sarbanes-Oxley, the U.S. law designed to stamp out corporate fraud, is prompting more companies to keep secrets in the bond market.
Siemens AG, Australian retailer Woolworths Ltd., Miller Brewing Co. of Milwaukee and at least 100 other companies are selling bonds that aren’t registered with the Securities and Exchange Commission instead of debt that requires more […]

Converium announces a revision of the publication date of full year 2006 results to March 20, 2007. The date is two weeks ahead of the previous provisional date of publication. The publication date has been brought forward as a result of improved internal financial procedures and the Company’s good progress towards fulfilling its Sarbanes Oxley […]

Experts and officials are questioning Apple’s stated reasons behind its proposed $1.99 fee to enable faster wireless technology in some already shipped Macs. The company on Thursday confirmed that it will charge users a small fee to enable the new, faster 802.11n wireless technology in its previously shipped Core 2 Duo-based Macs, saying that […]

Press Release
Robert E. Schmermer, Jr.
President & CEO

Dear Shareholders,

I am pleased to report that based on a majority vote of outstanding shareholders, Meritage successfully completed a “Going Private” transaction on January 23, 2007. As a result, Meritage has withdrawn its listing (MHG) on the American Stock Exchange and terminated the registration of its common shares with […]

It’s all Enron’s fault that Apple will apparently charge $5 to make a recent Mac’s AirPort Express Wi-Fi adaptor connect to other 802.11n-enabled devices. The fee arises from accounting rules imposed by the Sarbanes-Oxley Act put in place after collapse of the energy company in 2001.
According to Apple insiders cited by iPod site iLounge, if […]

A shareholder activist has asked the Securities and Exchange Commission to open an enforcement investigation of Bear Stearns Cos. (BSC) for not promptly notifying him of its efforts to block a proposal he wants to put to a shareholder vote.
Conservative pundit Steven Milloy, who co-manages the Free Enterprise Action Fund, a Potomac, Md., mutual fund, […]