Gemstar settlement.Gemstar Settlement: Gemstar-TV Guide International Gemstar-TV Guide International, Inc. is a media company that licenses interactive program guide technology to multichannel operators, such as cable and satellite television providers, and consumer electronics manufacturers, video recorder scheduling code under brands such as VCR Inc. has settled a legal tangle with Verb 1. tangle with - get involved in or with get into change state, turn - undergo a transformation or a change of position or action; "We turned from Socialism to Capitalism"; "The people turned against the President when he stole the election" its disgraced, former chief financial officer for $8.4 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a filing with the Securities and Exchange Commission. Elsie Ma Leung, who had sought the money as severance pay Severance Pay Compensation that an employer gives to someone who is about to lose their job. Notes: Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid. after leaving the Hollywood-based company in 2002, "has relinquished all claims" to the money, according to the filing. Leung had long laid claim to the money despite an investigation by the SEC that concluded Leung and former chief executive officer Henry Yuen had inflated the company's revenues. In February, Leung paid $1.3 million to settle with the SEC on charges she and Yuen defrauded Gemstar investors. |
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