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: Legal Pad | LAKaratz found guilty on four charges
By Richard Binder
The Los Angeles Times says a federal court jury has convicted former KB Home chief Bruce Karatz of two counts of mail fraud, making false statement in public filings with the Securities and Exchange Commission and making false statements to accountants of a publicly traded company.
Karatz had faced 20 felony charges related to the backdating of stock options at the Westwood-based home-building company he ran from 1986 to 2006. The panel acquitted Karatz of 16 other charges. The remaining four charges are related to stock options backdating.
Full post as published by Legal Pad | LA on April 21, 2010 (boomark / email).
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