Follow POL on Twitter CSK Auto CEO Maynard Jenkins discovered accounting shenanigans after an internal audit he ordered. The SEC acknowledges that he was a victim of the fraud, but still wants Sarbanes-Oxley clawback of bonuses he received. Jenkins was forced to settle, but now that the SEC has rejected the settlement, the case is going to trial. [WLF; WaPo]
SEC adopting strict vicarious liability?
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| Isaac Gorodetski Project Manager, Center for Legal Policy at the Manhattan Institute igorodetski@manhattan-institute.org |
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| Laura Eyi Press Officer, Manhattan Institute leyi@manhattan-institute.org |
