31.   Investors in recent weeks have punished other companies, such as Adelphia Communications, for failing to disclose loan guarantees to insiders.

32.   Investors continued to punish companies that fall short of earnings expectations.

33.   Investors often punish companies that they fear are overpaying or doing deals because their competitors are, Sirower said.

34.   It soon discovered that the market punishes companies that try to have it both ways.

35.   It would effectively punish film companies that use ratings to advise parents on content.

36.   Legal experts generally praised the agreement, although they questioned whether the deal would sufficiently punish the company.

37.   McCurry also said that the Securities and Exchange Commission could adopt rules that would punish companies for fraudulent financial predictions.

38.   Moore said the anti-tobacco groups want less to punish the companies for past sins than to make sure future guidelines are in place.

39.   More than perhaps any other company, Sherritt has taken the risk of confronting Helms-Burton, which punishes non-U.S. companies that do business in Cuba.

40.   Merrill also agreed to prohibit analysts from promising positive stock ratings to prospective clients or from lowering their ratings to punish companies for not hiring Merrill as an underwriter.