Byline: Aaron Siegel NEW YORK - After the investment world witnessed the cooked books that led to the downfall of Enron Corp., WorldCom Inc. and Global Crossing Ltd. earlier in the decade, a new breed of scandals has come to light...
In the latest display of the seriousness with which the federal government is taking accounting-related crimes http://www.edn.com/article/CA6338353.html within the tech industry, yet another former Brocade Communications Systems Inc. http://www.broc In the latest display of the seriousness with which the federal government is taking accounting-related crimes...
Atmel Corp. http://www.atmel.com today announced the completion of its independent investigation into its stock option granting records, and said that its now-apparent history of fraudulent backdating will cost the company some $125 million in compe Atmel Corp. http://www.atmel.com today announced the completion of its independent...
THE SILENCE AT APPLE COMPUTER about the fate of former director and CFO Fred Anderson was deafening after the company's October 4, announcement that it had uncovered 15 instances of possible stock-options backdating between 1997 and 2002.
Regulators at the Securities and Exchange Commission SEC have been keeping watch the last several years for the backdating of stock options. Nationwide, more than 140 companies are under investigation by the SEC and the Department of Justice DOJ for pRegulators at the Securities and Exchange Commission SEC have been...
AS IF COMPENSATION wasn't politicized enough, the scandal over backdating of option grants has renewed doubts about the efficacy of this form of compensation and conflated a number of other issues involving the internal controls provision of Sarbanes AS IF COMPENSATION wasn't politicized enough, the scandal...
The backdating issue still has forward momentum. On Dee. 27, 2006, UnitedHealth Group Inc. announced that the Securities and Exchange Commission was formally investigating its stock-options practices. The feds' eyes are also on CEO Steve Jobs of Apple Computer Inc. after an internal investigation there. Directors' and officers' policyholders and...
FOLLOWING A YEARLONG investigation, it appears the Securities and Exchange Commission is finally beginning to crack down on companies with questionable policies governing stock-option grants. In November, management at Analog Devices Inc. agreed to pay $3 million to settle an SEC investigation into the company's handling of stock-option awards. And...
Byline: RUPAL PAREKH NEW YORK-Regulatory scrutiny over stock-option practices will trigger more intense questioning from directors and officers liability insurers at renewals, market sources say. Several high-profile companies, including managed Byline: RUPAL PAREKH NEW YORK-Regulatory scrutiny over stock-option...
EBSA seeking comment on plan auditor guidelines WASHINGTON - The Employee Benefits Security Administration is seeking public comment on whether to update guidelines intended to ensure the independence of accountants who audit employee benefit plans EBSA seeking comment on plan auditor guidelines ...
BOSTON -- The Delaware Court of Chancery has denied a motion by Staples, Inc. (NASDAQ:SPLS) and certain of its officers and directors to dismiss a derivative lawsuit brought by a stockholder of the company, announces Shapiro Haber & Urmy LLP and Cohen, Milstein, Hausfeld & Toll, P.L.L.C. The lawsuit alleges...
SACRAMENTO, Calif. - CalSTRS staff proposed scrapping the fund's nearly 30-year-old statement of investment responsibility, replacing it with the United Nations Environment Program financial initiative. Adopting the UNEP principles would put the pens SACRAMENTO, Calif. - CalSTRS staff proposed scrapping the fund's nearly 30-year-old statement...
SCOTTSDALE, Ariz. -- A Gradient Analytics report that Comverse Technology's CEO may have backdated the exercise of stock options to avoid higher taxes has been confirmed by the company's own internal investigation, Gradient announced today.
Consumer electronics hotshot Apple Computer Inc. is standing by its man, CEO Steve Jobs, following the conclusion of its internal stock options probe. Consumer electronics hotshot Apple Computer Inc. is standing by its man, CEO Steve Jobs, following the conclusion of its internal stock options...
WASHINGTON, Aug. 9 /U.S. Newswire/ -- Three former executives of Comverse Technology Inc. ("Comverse"), a publicly-held computer software company, were charged today for their roles in orchestrating a long-running scheme to manipulate the grant WASHINGTON, Aug. 9 /U.S. Newswire/ -- Three former executives of Comverse Technology Inc. ("Comverse"), a publicly-held...
SAN DIEGO -- Johnson Bottini LLP, Co-Lead Counsel in the California state court derivative lawsuit involving Brocade Communications Systems, Inc., announces that on April 27, 2007 Judge Charles R. Breyer sustained its objections and those of several other shareholders to the proposed settlement of a related options backdating derivative case...
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