A2: Court

Bloomberg News reports on a judgement issued Thursday in a federal court in Ann Arbor against former Kmart CEO Charles Conaway: “A federal jury in June found that Conaway hid information about Kmart’s cash shortage, aiding and abetting the company’s misstatements. U.S. Magistrate Judge Steven Pepe in Ann Arbor, Michigan, upheld the finding last month and today fined Conaway $2.5 million and ordered him to return a $5 million retention loan, plus interest of almost $2.7 million.” [Source]