Business Guilty pleas by Vitesse former execs.
2013/08/20Louis Tomasetta, founder and former CEO of GaAs IC specialist Vitesse Semiconductor, has pleaded guilty to conspiring to commit securities fraud.
Former Vitesse CFO, Eugene Hovanec, has also pleaded guilty to the same charges.
The case relates to the back-dating of stock options going back to 2005.
Two legal cases have resulted in deadlocked juries which have led to the substitution of the lesser charge of conspiring to commit securities fraud.
Previous charges had been falsifying records relating to stock option grants, making false statements to auditors and to obstructing a federal investigation.
The two men will be sentenced on November 4th and prosecutors will recommend probation as part of the plea deal.
In 2010, Vitesse paid $3 million to settle the case with the SEC.
In 2007, Vitesse and insurers for Tomasetta and Hovanec agreed to pay $10.2 million to settle shareholder lawsuits over options backdating and accounting malpractices.
Welcome to SUV System Ltd!
SUV System Ltd is ISO 90012008 Certified electronics distributor with 10 years of experiences.
We have built up long term business relationship with about many companies which are stockers and authorized agents. we have a steady and reliable supply to meet customer's demands to the greatest extent .Confidently, we are able to lower your cost and support your business with our years of professional service.
SUV System Ltd is Electronic Components Distributor Supplies,Find Quality Electronic Components Supplies Products IC(Integrated Circuits),Connectors,Capacitor,Resistors,Diodes,Transistors,LED at Suvsystem.com. Sourcing Other Energy, Environment, Excess Inventory Products from Manufacturers and Suppliers at Suvsystem.com
Electronic Components distributor:http://www.suvsystem.com
Connectors Distributor:http://www.suvsystem.com/l/Connectors-1.html
IC Distributor:http://www.suvsystem.com/l/IC(Integrated-Circuits)-1.html
LED Distributor:http://www.suvsystem.com/l/LED-1.html
Capacitor Distributor:http://www.suvsystem.com/l/Capacitor-1.html
Transistor Distributor:http://www.suvsystem.com/l/Transistors-1.html
Resistor Distributor:http://www.suvsystem.com/l/Resistors-1.html
Diode Distributor:http://www.suvsystem.com/l/Diodes-1.html
SUV System Ltd insists on the managing faith ofsincereness,speciality,foresight, win-win,so we build up stable-relationship customers located all over the world, including the States, Europe, Argentina, UAE, Malaysia, Australia,and India etc
we are focus on the following fields,and hope we can help you.
Industrial IC chip Filter saws Electronic News MAXIM IC AVX Resistors Voltage Regulators Transistors TDK IC LED Other Parts Diodes VISHAY IC LITTELFUSE Diodes MURATA IC Multi-units Transistors Low Ohmic Resistors High Precision Resistors Schottky Diodes Connectors IDT IC Atmel IC LINEAR IC AD IC NXP Diodes Transistors LED part ON Transistors Infineon Technologies Transistors Metal Can Packages Transistors IR transistor SANYO IC Cypress IC Military IC Fairchild Semiconductor Transistors Renesas parts IC Resistor Networks Texas Instruments(TI) IC Chip Inductors PANASONIC ALTERA IC Fleld Effect Transistors
http://www.suvsystem.com/a/5079.aspx
No comments:
Post a Comment