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What's a 'clawback'?

Last update: November 6, 2009 - 8:42 PM

 

It's when a judge compels executives or investors to return money they received from a company, often to repay the company's creditors or victims of a fraud.

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Feds, Pennsylvania county sue company, contractor over alleged air pollution from slag dumping - November 6, 2009
Feds, Pennsylvania county sue company, contractor over alleged air pollution from slag dumping - The federal government and the Allegheny County Health Department have sued Allegheny Ludlum Corp. and a contractor for alleged air pollution violations at a slag dump near Pittsburgh. More

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Lights out at U energy conference. Irony police notified.

Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.

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