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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).

1 of 178 comments (clear)

  1. thank god VA crashed by Anonymous Coward · · Score: -1, Redundant

    now that all the scumbags and hypesuckers
    are out of the linux game, maybe some actual
    work can get done?

    naaaaah.