Guilty plea.Guilty Plea: Henry Yuen, former chairman and chief executive of 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 Ing., pleaded guilty to criminal charges of obstructing an SEC investigation into accounting irregularities at the company. As part of the plea agreement, Yuen will be sentenced to six months of home detention The act of keeping back, restraining, or withholding, either accidentally or by design, a person or thing. Detention occurs whenever a police officer accosts an individual and restrains his or her freedom to walk away, or approaches and questions an individual, or stops an , as part of two years of probation probation, method by which the punishment of a convicted offender is conditionally suspended. The offender must remain in the community and under the supervision of a probation officer, who is usually a court-appointed official. in which he may not serve as an officer or director of any publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Yuen also must donate $ l million to charities and pay a $200,000 fine. If Yuen doesn't agree to the sentence, he can withdraw his guilty plea, but the case would then go to trial and Yuen would face five years in prison if convicted. |
|
||||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion