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Home / Law / Mexican broadcaster, SEC settle Sarbanes-Oxley lawsuit

Mexican broadcaster, SEC settle Sarbanes-Oxley lawsuit

TV Azteca, Mexico's second-largest broadcaster, settled a lawsuit with the U.S. Securities and Exchange Commission, resolving the first case in which a Mexican company was charged under the Sarbanes-Oxley Act.Under the settlement, Azteca Chairman Ricardo Salinas Pliego and board member Pedro Padilla agreed to pay a combined $8.5 million, the SEC said in a statement ...

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