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Latest Options backdating Stories

2012-02-01 14:35:52

Among corporations involved in the 2006 stock-option backdating scandal, those implicated earlier were more likely to dismiss their top executives than those that surfaced later on, according to new research from Rice University and the University of California at Irvine. The study, "Executive Turnover in the Stock-Option Backdating Wave: The Impact of Social Context," will be published in an upcoming edition of the Strategic Management Journal. The researchers examined the behavior of...

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2009-05-13 14:08:23

The former president and chief operating officer of Monster Worldwide, James J. Treacy, was found guilty by a jury of securities fraud and conspiracy in a stock options backdating scheme. On Tuesday the jury issued its verdict, which was the first day of deliberations in the criminal trail before Judge Jed S. Rakoff of Federal District Court in Manhattan.  In April 2008, Treacy was charged by prosecutors that said the scheme led to the fraudulent understatement of the company's...

2009-02-06 08:55:24

Three top executives of the Canadian manufacturer of BlackBerry devices have been ordered to repay $77 million for improper stock option backdating. The Ontario Securities Commission struck the settlement with Research in Motion co-Chief Executive Officers James Balsillie and Mike Lazaridis and Chief Operating Officer Dennis Kavelman, the Globe and Mail reported Friday. The OSC determined over a 10-year period, stock options had been backdated, The newspaper said options only become valuable...

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2009-02-05 07:04:16

A settlement has been reached between the Ontario Securities Commission and Research in Motion, the maker of the Blackberry, after an investigation into backdating of its stock options, the New York Times reported. The company, as well as eight current and former directors and executives, including the founders James L. Balsillie and Mike Lazaridis, were involved in the settlement that was announced on Tuesday. The Ontario Securities Commission must approve the agreement at a hearing on...

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2008-09-11 09:33:49

Several of Apple Inc.'s current and former executives and directors, including CEO Steve Jobs, CFO Peter Oppenheimer and former CFO Fred Anderson, have agreed to settle a lawsuit that claimed the company was harmed by their role in Apple's mishandling of stock option grants. The settlement aims to repair damage that shareholders, who sued on behalf of Apple and not themselves, say the company suffered due to the tampering of stock options. According to court documents filed on Monday, U.S....

2008-08-29 12:00:47

By ; wire report Sunnyvale Yahoo Inc. climbed for a second day after a report that the Internet company may compromise to end a proxy challenge by billionaire investor Carl Icahn. Yahoo rose 47 cents, or 2.2 percent, to $21.35 at the close of trading. Before today, the stock had fallen 14 percent since May 3, when Microsoft dropped its $33-a- share takeover bid. Yahoo would grant Icahn two board seats to avoid a shareholder vote Aug. 1 that could replace all nine directors with his...

2008-08-28 12:00:50

By wire WASHINGTON -- The former top attorney at Apple Inc. on Thursday agreed to pay $2.2 million to settle federal regulators' charges that she altered company records to conceal improper backdating of stock options for senior executives including Steve Jobs. The Securities and Exchange Commission announced the settlement with former Apple general counsel Nancy Heinen, whose civil trial in the case had been scheduled for next year. Heinen neither admitted nor denied wrongdoing in...

2008-08-19 12:00:26

By MARCY GORDON WASHINGTON -- The former top attorney at Apple Inc. on Thursday agreed to pay $2.2 million to settle federal regulators' charges that she altered company records to conceal improper backdating of stock options for senior executives including CEO Steve Jobs. The Securities and Exchange Commission announced the settlement with former Apple general counsel Nancy Heinen, whose civil trial in the case had been scheduled for next year. Heinen neither admitted nor denied...

2008-08-15 06:00:21

By Edward Iwata The former top lawyer for Apple agreed to settle federal charges against her that she helped to fraudulently backdate stock-option grants to Apple CEO Steve Jobs and other Apple executives, regulators said Thursday. Nancy Heinen, Apple's former general counsel, did not admit or deny guilt. But she agreed to pay $2.2 million in disgorgement, interest and penalties, the Securities and Exchange Commission said. Heinen also agreed to be barred for five years from serving...

2008-07-22 12:00:17

By Troy Wolverton, San Jose Mercury News, Calif. Jul. 22--In a move that could challenge Cisco's dominance in the network equipment market, San Jose-based Brocade Communications Systems announced Monday that it plans to buy Foundry Networks in a $2 billion deal. The agreement, which is expected to close in the fourth quarter of this year, would combine companies whose strengths lie in two different aspects of the network equipment business. Brocade dominates the data storage area of the...


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lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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