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filed a lawsuit that accused him of misleading Kmart investors prior to the company's bankruptcy in 2002. The S.E.C. originally sought $ 22 million from
Conaway. A jury found him liable in a trial four years later, in 2009. While he initially appealed the decision, Conaway dropped his appeal in
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is an
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153:"S.E.C. Seeks to Recover $ 22 Million From Kmart's Former Chief"
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November 2010 and agreed to pay a $ 5.5 million settlement.
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Before joining Kmart, Conaway was the
President and COO of
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