Slashdot Mirror

← Back to Stories (view on slashdot.org)

Credit Suisse First Boston Fined $100 Million

Posted by ryuzaki0 on from the all-fun-and-games-until-someone-gets-an-eye-put-out dept.

A couple of people wrote in to note that Credit Suisse First Boston, which was the underwriter for VA Linux ? ' IPO, has been fined $100 million for actions they took in that and other high-tech IPO's during the stock market boom. CSFB allocated shares of certain IPO's to customers who made kickbacks to CSFB. Here's their side of the story. There's also an additional statement by the regulators and CSFB's settlement agreement (PDF).

3 of 178 comments (clear)

  1. GASP! by ekrout · · Score: 5, Funny

    GASP! Now they're only worth $20 trillion.

    --

    If you celebrate Xmas, befriend me (538
  2. Re:Not Funny... by Anonymous Coward · · Score: 5, Funny

    VA Linux, which, if you're like me, you have your retirement savings invested in

    I have this strange urge to laugh and cry at the same time...

  3. Thats Close To the Capitilization by quakeaddict · · Score: 3, Funny

    Thats Close To the Capitilization of LNUX.

    http://finance.yahoo.com/q?s=lnux&d=t

    But thats right, there are no real viable Linux based companies anymore, and their really never were.

    --
    I'm still working on a clever footer.