Chicago’s second biggest law firm paid $27.5 million on Saturday to 32 past and present lawyers in order to settle an age-related discrimination suit.

The former chief financial officer of Safenet Inc. pleaded guilty on Friday to backdating stock options for herself and the former CEO.

The Advertising Standards Authority (ASA), an independent body created by the U.K.’s advertising industry to self-regulate the rules in the advertising codes, has discovered many companies are advertising unproven claims of environmental sustainability.

Insider trading concerns were raised in Europe last month after twenty-one current and former European Aeronautic Defense & Space (EADS) Executives abruptly sold their stock in the company.

York International agreed to pay $10 million to the U.S. government on Monday to resolve allegations that some of its employees paid bribes to Iraqi officials.

MessageLabs Inc, A company designed to protect electronic communications for its business clients, recently discovered a new method for online computer thieves to steal confidential data.  This time the hackers are aimed directly at CEOs.

Queens resident and unsatisfied iPhone customer, Dongmei Li, has sued Apple Inc., AT&T and Steve Jobs for price discrimination after the price of the iPhone dropped $200 less than two months after its debut.

The U.S. Securities and Exchange Commission (SEC) has been cracking down on General Counsels this year more than ever, according to an article released today by the National Law Journal. Experts say the increased prosecution comes from the SEC’s backlash after a proposed regulation in the Sarbanes-Oxley Act was revoked.

Chicago based Kolcraft Enterprises Inc. had 425,000 of its play yards recalled yesterday following the death of a 10-month-old Texan boy. With 11 different models involved, this is the second significant recall of a nursery product in a week, according to a report by the Chicago Tribune.

Mesa Air Group said on Tuesday that CFO Peter Murnane wasn’t deleting important company data when he used special file-erasing software on his three computers. Rather, he was trying to get rid of pornographic material he had collected on the job.

Two Silicon Valley engineers set to go on trial for stealing trade secrets had their charges upgraded on Wednesday to economic espionage. Economic espionage, though rarely charged, is the most serious crime under the 1996 Economic Espionage Act.

Sonoco, a global supplier of industrial and consumer packaging, launched a new program today that provides manufacturers with “productivity savings by identifying ways to reduce waste materials going to landfills, and increase profitability by converting waste streams to revenue streams by finding alternative uses for a facility’s previously unrecycled wastes,”

Ethisphere Council member Freescale Semiconductor accepted the 2007 American Business Ethics Award from The Society of Financial Service Professionals (SFSP) yesterday in Montreal. The American Business Ethics Awards are given to U.S. companies “who exemplify high standards of ethical behavior in their everyday business conduct and in response to specific crises or challenges,” according to [...]

A federal grand jury has indicted seventeen people over conspiracy to defraud the Internal Revenue Service of $13.1 million in illegal tax refunds. The scheme involved stealing the identity of over 300 nursing home patients to file fake tax returns. The defendants used the information to file over 365 fraudulent federal tax returns in 27 [...]

A new study released by forensic accounting firm Kroll and the Economist Intelligence Unit revealed that a majority of companies around the world are exposed to fraud. The study says that companies with over $5 billion in revenue lost more than $20 million on average due to fraud-related damages over the past three years. One [...]

London based Carbon Disclosure Project (CDP), a non-profit organization dedicated to increasing awareness on global climate change, released their annual Climate Disclosure Leadership Index (CDLI) today. The list, compiled from responses to a questionnaire CDP sent to over 2400 companies worldwide, compares FT 500 companies in each sector on how transparent they are on regarding [...]

Church & Dwight Co., Inc., parent company of the Nair line of products, unveiled a new hair removal product earlier this year aimed at 10 to 15 year olds. The product is called Nair Pretty and has been advertised in magazines such as CosmoGirl and Seventeen in order to reach “first-time hair removers.” The company [...]

Nine months of internal emails were stolen earlier this month from MediaDefender, an anti-piracy firm used by recording companies and Hollywood studios. A group devoted to countering anti-piracy measures, aptly named MediaDefender-Defenders, claimed responsibility for the theft. After obtaining the documents, MediaDefender-Defenders dispersed the emails digitally through peer-to-peer programs. Now the emails are posted on [...]

A federal judge tossed out a global warming related case on Monday brought against U.S. automakers by California’s attorney general. The case was the first suit seeking compensatory damages from companies that cause global warming through green house gas emissions. The attorney general argued that the six automakers on trial, General Motors Corp, Ford Motor [...]

After Microsoft’s sound legal defeat at the hands of the EU’s Court of First Instance on Monday, experts debate the future impact and role of the European Commission (EC) in world business. The conflict stretches from legal experts in support of the ruling to U.S. government officials such as Thomas Barnett, the Assistant Attorney General [...]

A Louisiana judge ordered Honeywell International, Inc. to pay $12 million on Thursday for its part in the death of an employee. Delvin Henry died a day after opening a mislabeled one-ton cylinder that contained “highly toxic and corrosive material.” Of the fine imposed, $8 million will go to pay a criminal fine, $2 million [...]

A new study released today by Ethical Investment Research Service (EIRIS) revealed that, despite recent high profile abuses, U.S. companies still lag behind their European counterparts when it comes to doing business ethically. However, businesses have significantly improved corporate social responsibility (CSR) across the globe today than 25 years ago, the study says. As report [...]

A British businessman and two Ikea managers pleaded guilty on Sept. 7 to charges dealing with bribery. Adam David Hauxwell-Smith, owner of Godfrey and Warner Ltd, a company that sold items such as potpourri, candles and picture frames to Ikea, admitted to giving £648,000 to John Brown, a purchaser for Ikea, and £243,437 to Paul [...]

Time Magazine, the magazine publishing arm of Time Warner Inc., was ordered to pay $106 in damages last Monday for defaming former Indonesian dictator Suharto. On August 31, the Supreme Court overturned rulings by the Central District Jakarta and the Jakarta High Court, both of which sided in Time Magazine’s favor. The article in question, [...]

Ethisphere Magazine’s Executive Editor Alex Brigham and Editor-in-Chief Stephen Martin will host a complimentary webcast on October 24, 2007, covering every step in the decision process of the 2007 Ethisphere’s ‘World’s Most Ethical Companies’ rankings. The 2-hour symposium will take place at 10 a.m. PST and discuss what was involved in deciding who qualified as [...]