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Stock impact report

Connor Stalions NCAA penalty: Appeal of 8-year ban shot down [USA TODAY]

United Microelectronics Corporation (NEW) (UMC) 
US:NYSE Investor Relations: umc.com/english/investors/index.asp
Company Research Source: USA TODAY
An NCAA appeals committee denied former staff member Connor Stalions' appeal of the eight-year show-cause penalty he received for his role in a sign-stealing scandal. Stalions had argued that the August ruling from the NCAA Committee on Infractions was based on “procedural errors” and a misapplication of the bylaws prohibiting in-person scouting of future opponents. Stalions, 30, filed the appeal in October, and the appeals committee deliberated his case twice in December before issuing its final decision on Wednesday, Feb. 11. “We find that the record clearly supports that procedures were followed in relation to cases that originated with a confidential source and the hearing panel relied only on corroborating information when making its determinations,” the appeals committee wrote in its report. “Further, Mr. Stalions failed to demonstrate a link between any initial publicity about the allegations and a failure by the enforcement staff to follow their policies and procedure Show less Read more
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