Securities and Exchange Commission
The fraud were linked to a bond offering for the failed movie studio project.
It looks like former Detroit Mayor Kwame Kilpatrick has another big bill to pay.
Shares in Detroit’s newest tech stock soared Thursday, the first day of their trading on the Nasdaq Global Select Market.
A judge has barred a Detroit-area money manager from the investment industry and ordered him to pay more than $4 million.
The Detroit-based software and IT services provider Compuware Corp. (Nasdaq: CPWR) said Friday it submitted a draft registration for a stock sale in its Covisint secure communication portal subsidiary.
General Motors CEO Dan Akerson, received a salary of $566,000, stock valued at $1.77 million, plus other compensation.
General Motors rewards its top executive with thousands of shares of stock that could eventually be worth millions of dollars.
The former chief executive of auto supplier Delphi Corp. has been cleared of most of the civil charges brought by the Securities and Exchange Commission in federal court in Detroit.
Stocks had a late-day turnaround Thursday on expectations that Goldman Sachs is settling the government’s civil fraud charges.