Optionsbackdating 2008

Do Options Backdating Class Actions Settle For Less? 04 June 2008 By Robert Patton and Svetlana Starykh et al. Despite the widespread attention given to 'options backdating' by investors, regulators, the legal profession, and the news media, the issue has not generated the spate of shareholder class action litigation that some observers ... On March 18, 2008, attorneys for the Securities and Exchange Commission grilled Apple Co-Founder Steve Jobs Steve Jobs over issues of backdating of stock options. Forbes obtained the 119-page ... Option Backdating, Negligent Conduct And Spring Loaded Options T. Gorman Posted on June 03, 2008 Posted in SECActions Last Friday, the SEC filed a settled civil action and a related administrative proceeding based on option backdating claims. Home Builder's Former CEO to Pay More Than $7 Million for Stock Options Backdating FOR IMMEDIATE RELEASE 2008-201. Washington, D.C., Sept. 15, 2008 — The Securities and Exchange Commission today charged the former chairman and CEO of Los Angeles-based home builder KB Home, Inc., for his participation in a multi-year scheme to backdate stock options to himself and other company officers and ... 29, 2008, at C3.] Marvell Technology and one of its founders also settled with the SEC. The company paid a $10 million fine, and Weili Dai, a former officer and director, agreed to pay a $500,000 fine. [See Scheck, Marvell Settles Backdating Case, WALL ST. J., May 9, 2008, at B7.] Moreover, the SEC has now filed civil charges against SEC charges former Microtune CEO, CFO with options backdating . By – Jul 1, 2008, 5:38pm CDT Updated Jul 1, 2008, 5:40pm CDT. The Securities and Exchange Commission on Tuesday said it has ... Court Enters Permanent Injunction and Other Relief against Carole Argo in Stock Options Backdating Case (SafeNet, Inc.), Litigation Release No. 20752, September 29, 2008) Outside Directors of Mercury Interactive Settle SEC Charges of Stock Option Backdating (SEC v. The options backdating scan-dal involved dozens of public corporations that backdated options to an earlier date when the com-pany's stock was trading at a lower value thereby allowing the recipients to buy the at a bargain price. See generally Victor Fleischer, Options Backdating, Tax Shelters, and Corporate Culture, 26 VA. TAX REv. I found myself talking about options backdating for the first time in months yesterday, and it wasn’t just because of the Ninth Circuit’s blockbuster August 18, 2009 opinion reversing and remanding for retrial the conviction of former Brocade CEO Gregory Reyes – although that certainly is a highly noteworthy development.What triggered much the discussion was the publication in the ... It has been such a while since a new options backdating securities lawsuit has appeared that it was with some surprise I noted the new case that has been filed against Teletech Holdings and certain of its directors and officers. According to the plaintiffs’ counsel’s January 25, 2008 press release (), the lawsuit, filed in the Southern District of New York, relates to the company’s ...

Do Options Backdating Class Actions Settle For Less?