Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION

Michael Snyder

Los Angeles, CA: (Jun-05-07) The US Securities and Exchange Commission filed charges against former Red Robin Gourmet Burgers Inc. Chief Executive Michael Snyder, alleging that the he misrepresented personal travel costs as business expenses. The suit claimed that Snyder's misrepresentations caused the restaurant chain to fail to report material amounts of his compensation in regulatory filings from 2002 through 2004. During those three years, Snyder incurred costs of $1.2 million for charter jet travel, hotel and dinner expenses for which he submitted misrepresentative expense reports and invoices, according to the SEC report. Snyder did not admit to or deny the allegations, though he agreed to a monetary settlement of a $250,000 civil penalty and to be barred as an officer and director of the company. [EARTH TIMES: BUSINESS EXPENSES]


Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Published on Jun-5-07


ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.
Request Legal Help Now! - Free