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Backdating cases

Continue Reading I found myself talking about options backdating for the first time in months yesterday, and it wasn’t just because of the Ninth Circuit’s blockbuster August 18, 2009 opinion (here) reversing and remanding for retrial the conviction of former Brocade CEO Gregory Reyes – although that certainly is a highly noteworthy development. Continue Reading In the latest twist in the long-running options backdating saga, and in what appears to be a significant milestone in the options backdating-related gatekeeper claims, on June 15, 2009, Vitesse Semiconductor announced (here) that it had reached a settlement with its former auditor, KPMG LLP, in connection with the option backdating related allegations. On June 9, 2009, Marvell Technology announced (here) that it has reached an agreement to settle the case for a payment …

Continue Reading There has been widespread news coverage of the dramatic December 15, 2009 decision of Central District of California Judge Cormac Carney to throw out the options backdating related criminal charges against Broadcom co-founder Henry T.

Within recent days, plaintiffs’ lawyers have filed two new options backdating-related derivative lawsuits.

The options backdating scandal may now be well over two years along, but it continues …

Continue Reading Former Mc Afee General Counsel Kent Roberts, accused of options backdating-related misconduct, was acquitted following a criminal jury trial and the SEC later dropped its separate enforcement action against him.

But that apparently is not enough for Roberts – he wants vengeance.

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On September 17, 2008, In a development that may also have significant implications for more recent events, the SEC filed settled options backdating-related charges against three former …

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