‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn
By Securities Docket on February 23, 2010, 10:43 pm
Former Brocade CEO Gregory Reyes’s retrial on options backdating charges begins in San Francisco.
By Amanda Harding on February 17, 2010, 10:26 pm
Court throws out SEC’s backdating case finding “no evidence” defendant misled anyone.
By Securities Docket on February 5, 2010, 9:00 pm
SEC will not refile case against Broadcom executives.
By Securities Docket on September 18, 2009, 10:31 am
Former McAfee GC fires back at company for attempting to make him scapegoat.
By Securities Docket on September 3, 2009, 11:51 am
Court orders 24 months in prison, $6.3 million in restitution and $6.3 million in forfeiture.
By Securities Docket on June 1, 2009, 10:01 am
Vitesse Semiconductor Corp. (VTSS) announced today that the Staff of the SEC has agreed to recommend to the Commission a proposed settlement that would resolve the SEC’s investigation into historical stock option practices and certain other accounting irregularities at Vitesse. Under the proposed settlement, Vitesse would pay a $3 million civil penalty and consent to an […]
By Securities Docket on May 18, 2009, 3:50 pm
There were rumblings near the end of 2008 that the SEC’s interest in options backdating was winding down, but the last few days have seen a new surge in such cases. On May 14, the SEC filed a settled backdating enforcement action against Gary A. Ray, the former VP of human resources at L.A.-based homebuilder […]
By Securities Docket on May 15, 2009, 2:56 pm
On May 14, the SEC filed a settled enforcement action against Gary A. Ray, the former VP of human resources at L.A.-based homebuilder KB Home, Inc., alleging that Ray used hindsight to pick advantageous grant dates for KB Home’s annual stock option grants in order to enrich himself and others at KB Home. The SEC […]
By Securities Docket on April 15, 2009, 7:02 am
Of the eight general counsels pursued by the SEC or prosecutors for alleged improper stock options backdating, four are still fighting charges, three have settled or pleaded guilty and one was acquitted, NLJ reports. The lone acquittal to date has been Kent Roberts, the former general counsel for McAfee Inc., who was acquitted of criminal […]
By Securities Docket on March 20, 2009, 6:34 am
On Thursday, the SEC dropped its options backdating case against Kent Roberts, former general counsel of McAfee Inc. The Recorder reports that the action followed an unsuccessful criminal case against Roberts in October. Roberts’ attorney, William Freeman of Cooley Godward, called the dismissal of the case a “complete vindication for Kent,” who did not pay […]