Madison Square Garden Co chairman settles U.S. securities charges: FTC


FILE PHOTO: New York Knicks owner James Dolan speaks during a news conference announcing Knicks interim head coach Mike Woodson will be taking over the team from head coach Mike D’Antoni, who mutually agreed to part ways with the team before their NBA basketball game against the Portland Trail Blazers, at Madison Square Garden in New York, March 14, 2012. REUTERS/Adam Hunger

WASHINGTON (Reuters) – U.S. regulators have charged the chairman of the Madison Square Garden Co (MSG.N), which owns the New York Knicks and New York Rangers sports teams, with securities violations, the Federal Trade Commission said in a statement on Thursday.

James Dolan, who serves as executive chairman, agreed to pay $609,810 in civil penalties to settle allegations that he failed “to report in a timely manner his acquisition of voting securities,” the FTC said.

Reporting by Susan Heavey; Editing by Mohammad Zargham

Products You May Like

Articles You May Like

Boeing’s 737 deliveries rise in November
Indian court sets aside state government order to shut down Vedanta copper smelter
U.S. auto sales expected to dip in 2019, says NADA
Canada frees CFO of China’s Huawei on bail; Trump might intervene
EU court backs cities’ complaint, scraps higher nitrogen oxide limits

Leave a Reply

Your email address will not be published. Required fields are marked *