GAF Settles Charges: GAF Corp. agreed to...
- Share via
From Times Staff and Wire Reports
GAF Settles Charges: GAF Corp. agreed to pay $1.25 million plus interest into a fund for investors to settle SEC charges that it manipulated the price of Union Carbide Corp. stock in 1986. The chemicals manufacturer and its vice chairman, James T. Sherwin, did not admit or deny allegations in the civil complaint. Sherwin and the company were to be sentenced today in New York for their conviction on criminal stock manipulation charges.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
