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Ex-Brocade CEO Faces Retrial in Backdating Case
Former Brocade CEO Gregory Reyes’s retrial on options backdating charges begins in San Francisco.
Judge Dismisses SEC’s Backdating Case Against Shanahan Jr.
Court throws out SEC’s backdating case finding “no evidence” defendant misled anyone.
Former McAfee GC Sues Company for Defamation, Malicious Prosecution
Former McAfee GC fires back at company for attempting to make him scapegoat.
Former Monster Worldwide President Sentenced to Two Years in Backdating Case
Court orders 24 months in prison, $6.3 million in restitution and $6.3 million in forfeiture.
Vitesse Semiconductor Announces Proposed Settlement with SEC re: Stock Options Practices
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 […]
Options Backdating Cases Not Dead Yet
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 […]