Walter says former Gemstar-TV Guide Intl. CEO settlement too lenient

A federal judge Monday tentatively rejected a plea bargain reached with former Gemstar-TV Guide Intl. CEO Henry C. Yuen, saying the deal was too lenient.

Yuen, who was accused in a $248 million revenue-inflating fraud case, had previously agreed to plead guilty to one felony charge of obstruction of justice and receive a penalty of three years probation and six months home detention, along with financial penalties.

U.S. District Judge John F. Walter, however, said the sentence “sends the wrong message to corporate America.” He continued the matter until Jan. 23.

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