Sentences with phrase «option backdating»

Won the dismissal of the SEC lawsuit charging client with participating in a stock option backdating scheme.

Declaratory judgment action included claims against insurer for alleged violation of consumer protection law, in addition to dispute over the insurer's reasons for denying coverage for the stock option backdating claims under applicable policy definitions and exclusions.

It may be one of the largest stock - option backdating cases in U.S. history.

Recently, there's been lots of coverage on the stock option backdating scandals that have swept the corporate world and are now resulting in criminal indictments as discussed by WSJ Law Blog and Larry Ribstein's Ideoblog.

Interviewed by Carrie Tate of The Globe and Mail concerning stock option backdating and the mining sector, June 14, 2014.

Jobs was initially mum as well about a stock options backdating scandal that embroiled the company's former finance chief and general counsel.

It was sacrilege to suggest that Steve Jobs should be held responsible for Apple's (aapl) stock options backdating issues, and some would consider it wrong to discuss it now.

Gore led Apple's internal investigation into stock options backdating allegations, issuing a report that some considered a whitewash.

When we think of Jobs and compensation, we remember his place at the center of the Silicon Valley stock options backdating scandals.

Last week, McAfee ran into various discovery problems in the midst of a stock options backdating trial, while back in January, Qualcomm was hit with an $ 8.5 million penalty for botching discovery of e-mail in a patent suit.

In the stock options backdating case, Bruce MacEwen offers one of the best discussions regarding the applicable rules.

Main Options Backdating Scandal Trickles Down to the HR Department»

Conducted internal investigation for publicly held company regarding allegations of stock options backdating

Ms. Thomsen began her career with Davis Polk and later returned after 14 years of public service at the SEC, where she led the Enron investigation, the auction rate securities settlements, the stock options backdating cases and the expansion of the enforcement of the Foreign Corrupt Practices Act.

He has conducted a wide array of internal investigations and company inquiries, including cases alleging insider trading, stock options backdating, securities fraud, accounting irregularities, antitrust violations, public corruption, FCPA and other corporate and individual wrongdoing.

(Background regarding the options backdating allegations at KLA - Tencor can be found here.)

We are often called on to counsel clients and conduct internal investigations into areas such as options backdating and insider trading.

Defense of Broadcom co-founder and former CEO and Chairman Henry Nicholas after indictment for stock options backdating and related offenses and in related civil litigation.

Not exact matches

Jacob «Kobi» Alexander Former CEO Comverse Technology Charges: In 2007, Alexander was indicted on 35 counts of conspiracy, securities fraud and money laundering in connection with backdating stock options.

In the annals of white - collar crime, the recent rash of «backdating» executive stock options deserves its own fat chapter.

Bruce Karatz Former chairman / CEO KB Home Charges: Karatz was indicted in March on 20 counts, which include charges of fraud and making false statements regarding the backdating of stock options from 1999 to 2006.

The Securities and Exchange Commission (SEC) investigated two large backdated option grants: one for 4.8 million shares to the company's executive team and another for 7.5 million shares to Jobs, who was CEO at the time.

A similar investigation at Disney into backdated options at its Pixar subsidiary also cleared Jobs of any wrongdoing.

He backdated the options on purpose and the committee said it will give him a free pass.»

-- A former Take - Two executive carries the dubious distinction of being the first chief executive to be convicted of backdating stock options.

What made the backdating possible was that, before 2002, companies sometimes had more than a year to disclose option grants to officers and directors in their public filings.

But when Ocwen put anything in writing, the papers would be backdated so the homeowners wouldn't have time to pursue the option.

The complaints allege that between 1999 and 2001 a number of stock option grants were backdated, and that as a result the defendants breached their fiduciary duties to Ditech Networks and violated provisions of federal securities laws and California statutory and common law.

«I don't buy the argument that the incentive with regard to any particular company is diluted, because so many issues - like backdating, expensing options, etc. - apply across the entire sector,» says corporate - governance watchdog Nell Minow, co-founder of the Corporate Library research firm.

And Henning's article does not even touch on the backdating of stock options matter that's been discussed for the past few months and raises questions about whether GCs and outside counsel should have flagged potential legal problems associated with companies» failure to disclose backdating.

«The cloud over Jobs stems from the written statement released by Anderson's lawyer yesterday, which says that Anderson explained to Jobs the accounting implications of backdating in January 2001, at the time Jobs was backdating a 4.8 million - share grant to the company's executive team, and 11 months before Jobs himself was granted 7.5 million backdated options.»

This time, the subject is Nancy Heinlin, Apple's former GC, whom the SEC plans to sue over her role in backdating 2001 Apple stock options, according to this AP story (4/24/07) and this coverage at the WSJ Law Blog.

Essentially, the SEC says that Heinen knew she was acting for purposes of deceiving others when she drafted board minutes for meetings that never took place and when she omitted information from other board minutes to avoid the auditors figuring out that the options were backdated.

Arguedas argues that the options at issue were not backdated, but that the grant dates were moved to later dates and higher prices because of delays in reaching a final deal with Steve Jobs.

This is surprising given that these were the first major revisions to the disclosure rules since 1992 and that they squarely address the corporate scandal du jour — backdating of stock options.

Since it emerged earlier this year that the backdating of stock options was widespread within the high - techology industry, the scandal has grown larger by the day.

MacEwen suggests that to avoid this rule, companies chose to backdate stock options, so that they could have more control over choosing the strike price, but, at the same time, could avoid expensing options.

The ensuing backdating controversy now revolves around the question of whether the companies» reaction to the rule requiring expensing stock options unless priced at market by backdating them is either ethical or legal.

Prevailed in motions to dismiss securities fraud and derivative claims against CEO of software company based on allegations of backdated stock options and other accounting irregularities.

In the first, Lee R. Petillon, a partner with the California firm Petillon & Hiraide, presents his pick for the year's most significant legal event: the federal crackdown on backdating stock options.

Lately, two scandals — Hewlett - Packard Co.'s board - leak investigation and the backdating of stock options — are shining a light on the role of in - house lawyers at Silicon Valley technology companies.

In the wake of recent scandals related to pretexting and backdating of stock options, Asbhy Jones of The Wall Street Journal considers the role of the in house counsel at Silicon Valley companies in Silicon Valley's Outsiders: In - House Lawyers?

Represented the Special Committee of the Board of Directors of Apple, Inc. in an internal investigation into the alleged backdating of stock option grants received by Apple executives including Steve Jobs, as well as the Apple Special Litigation Committee in related shareholder derivative lawsuits and class action litigation.

Backdating provides you the option of paying lower premium by altering the policy start date and selecting the one which gives you better premium rates.

The other option to save your age is backdating the policy.