Sunday, July 27, 2008
Cop Asleep On the Beat
"HCC Insurance Holdings, a Houston-based property and casualty insurer, settled a [SEC] probe of its stock option grant practices without admitting wrongdoing. ... The company said Monday that a court approved the settlement of related class-action litigation last week", my emphasis, Houston Chronicle, 22 July 2008.
It's reassuring to know the "Cop is on the beat". Another SEC enforcement triumph.