Clarence L. Werner, founder, chairman and director of Werner Enterprises, the truckload carrier that bears his name, has reached an agreement with the Federal Trade Commission to pay a hefty fine for violations of federal securities laws connected with his acquisition of Werner stock over several years.
The penalty assessed to CL Werner, as he is referred to in the court documents, is $486,900. Filing of the agreement with the U.S. District Court for the District of Columbia opens up a comment...