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Legal Research

: Lex Scripta

The SEC and Choicepoint

By Barbara Fullerton

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Do you remember a few years ago (2004 to be exact) the electronic theft of hundreds of thousands of records from the Choicepoint database and during this time two executives were selling large amounts of stocks?

After these incidents, the company and the executives have been under investigation with the SEC. In 2006, the company paid $15 million to settle FTC charges about their record-handling procedures.

Wednesday, the SEC closed the investigation into the company and its executives without further enforcement action.

Read more here at Forbes (beware of ads):
http://www.forbes.com/feeds/ap/2008/01/22/ap4560028.html

Full post as published by Lex Scripta on January 24, 2008 (boomark / email).

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