Word: haye
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Jonathan Hay, another advisor to the program, will pay between $1 million and $2 million depending on his future earnings, the government said...
...settlement came more than a year after a judge in U.S. District Court found Shleifer and Hay liable for making personal investments in Russia while advising the program for the now defunct Harvard Institute for International Development. Conflict-of-interest provisions in their contracts with the government strictly prohibited such investments, which totaled several hundred thousand dollars...
Harvard itself was cleared of the fraud allegations but still faced damages of up to $34.8 million for breaching its contract with the U.S. Agency for International Development. Shleifer and Hay faced treble damages of as much as $104 million each...
Lawyers on both sides of the case would not comment on the agreement, and there was no indication as to the extent of damages or whether Harvard, Shleifer, or Hay would admit wrongdoing under the settlement. Spokespeople for Harvard and the U.S. district attorney’s office said that the terms of the settlement would be made public once it is signed...
...University fired Hay after the program ended prematurely, but has not announced any discipline of Shleifer, who continues to teach at Harvard...