Corporate Counsel Beware: The SEC May Freeze "Extraordinary Payments"
Richard A. McGuirk of Nixon Peabody LLP
On June 20, 2003, the Securities and Exchange Commission ("SEC") announced that it had filed securities fraud charges against the Henry Yuen, the former chief executive officer ("Yuen"), and Elsie Leung, the former chief financial officer ("Leung"), of Gemstar-TV Guide International, Inc. ("Gemstar").