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News and Information

News and Information

October 24, 2008
Legal Headaches Of The Billionaires

Source: 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

Source: 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

Source: 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 9, 2008
SEC Charges Former Embarcadero Executives in Stock Option Backdating Scheme

Source: U.S.Securities And Exchange Commission

Washington, D.C., Sept. 9, 2008 — The Securities and Exchange Commission today charged three former senior executives of Embarcadero Technologies, Inc., alleging that they fraudulently backdated stock option grants to employees...

July 10, 2008
SEC Charges Sycamore Networks, Former Executives in Stock Options Backdating Case

Source: Securities and Exchange Commission

Washington, D.C., July 9, 2008 — The Securities and Exchange Commission today charged Sycamore Networks, Inc. and three of its former executives in connection with the backdating of stock options spanning several years at the...

July 3, 2008
CalPERS, UnitedHealth Group Reach $895 Million Settlement in Class-Action Case

Source: CalPERS

SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) has announced a proposed $895 million settlement of a class-action lawsuit brought against UnitedHealth Group over its stock-option grant practices. ...

May 31, 2008
Analog Devices and CEO Settle Stock Option Backdating Charges

Source: Securities and Exchange Commission

Washington, D.C., May 30, 2008 — The Securities and Exchange Commission has charged Massachusetts high-tech company Analog Devices, Inc. and its CEO Jerald Fishman for reporting false compensation and related financial...

May 20, 2008
Brooks Automation Settles SEC Charges of Stock Option Backdating

Source: Securities and Exchange Commission

Washington, D.C., May 19, 2008 — The Securities and Exchange Commission today filed settled charges against Brooks Automation, Inc., alleging that the Chelmsford, Mass. semiconductor capital equipment company overstated its...

May 15, 2008
SEC Charges Four Current and Former Broadcom Officers for Backdating Options

Source: Securities and Exchange Commission

Washington, D.C., May 14, 2008 — The Securities and Exchange Commission today charged two current and two former top officers of Irvine, Calif.-based Broadcom Corporation for their alleged participation in a five-year systematic...

May 11, 2008
SEC Charges Marvell Technology Group For Stock Option Backdating

Source: Securities and Exchange Commission

Washington, D.C., May 8, 2008 — The Securities and Exchange Commission today charged a Silicon Valley semiconductor company and its co-founder for reporting false financial information to investors by improperly backdating stock...

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