November 13, 2008

Blue Coat Systems and Former CFO Settle Charges of Stock Option Backdating

By: Securities and Exchange Commission

Washington, D.C., — The Securities and Exchange Commission has charged Sunnyvale, Calif., network security company Blue Coat Systems, Inc. and its former chief financial officer Robert P. Verheecke, alleging that they backdated...

November 11, 2008

Lawyer pleads guilty in Broadcom options case

By: Associated Press

An attorney who worked for indicted Broadcom Corp. co-founder Henry T. Nicholas III has pleaded guilty to evading a banking law and will cooperate with the federal government in a sweeping stock options backdating probe involving...

November 7, 2008

ESSI shareholders cry foul over sale

By: St. Louis Post-Dispatch

Some stockholders of the former Engineered Support Systems Inc. filed a class-action lawsuit late Wednesday in St. Louis Circuit Court against the company, former CEO Michael Shanahan and other top executives, some of whom have...

October 24, 2008

Legal Headaches Of The Billionaires

By: Forbes.com

When Henry Nicholas met Henry Samueli more than 20 years ago, neither could have imagined their relationship would eventually make them billionaires. Nor could they have guessed it could end them both up in jail

September 17, 2008

OUTSIDE DIRECTORS OF MERCURY INTERACTIVE SETTLE SEC CHARGES OF STOCK OPTION BACKDATING

By: US Fed News
US Fed News

The Securities & Exchange Commission issued the following press release:

The Securities and Exchange Commission today filed settled charges against Igal Kohavi, Yair Shamir, and Giora Yaron, three former outside directors of...

September 17, 2008

Outside Directors of Mercury Interactive Settle SEC Charges of Stock Option Backdating

By: U.S. Securities And Exchange Commission

Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today filed settled charges against Igal Kohavi, Yair Shamir, and Giora Yaron, three former outside directors of California-based software maker Mercury...

September 15, 2008

HOME BUILDER'S FORMER CEO TO PAY MORE THAN $7 MILLION FOR STOCK OPTIONS BACKDATING

By: US Fed News
US Fed News

The Securities & Exchange Commission issued the following press release:

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...

September 15, 2008

Home Builder's Former CEO to Pay More Than $7 Million for Stock Options Backdating

By: U.S. Securities And Exchange Commission

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...

September 12, 2008

Apple Settles Stock Option Lawsuit For 14 Million Dollars

By: Deutsche Presse-Agentur

DPA FINANCE US Justice Business Apple settles stock option lawsuit for 14 million dollars San Francisco

Apple has agreed to a 14-million-dollar

settlement of a shareholder lawsuit that alleged chief...

September 12, 2008

EX-UNITED HEALTH CEO SETTLES SUIT OVER OPTIONS

By: The Times Union (Albany, New York)

Former UnitedHealth Group Inc. Chief Executive William McGuire will pay $30 million and return stock options representing more than 3 million shares to settle a class-action lawsuit.