"Party loyalties are very strong in South Africa, " said political analyst Steven Friedman.

CNN: South African court postpones Zuma corruption proceedings

More executives will be settling with the SEC as the scandal wears on, says Steven Friedman, chairman of the executive compensation practice at law firm Littler Mendelson.

FORBES: Comverse CFO Settles Backdating Charges

"We feel pain and regret for anyone who reports to have been harmed while a student at Horace Mann School, " board Chairman Steven Friedman wrote in a public letter in August.

WSJ: Bronx District Attorney Finds Abuse 'Pattern' at Horace Mann