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Special Report on

Spotlight on Stock Options Backdating

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and senior corporate executives for 20 years. Not just at Wall Street banks, but at a vast number of publicly traded companies, the executive suite is rife with moral relativism, a daring catch-me-if-you-can attitude, and plain old venal criminality. Now, there is further quantitative proof of this: “The majority of companies that improperly backdated stock options never were caught by regulators or confessed to the practice, according to a new academic study. Researchers at the University of Houston’s C.T. Bauer College of Business used a sophisticated statistical test to sift through more than 4,000 publicly traded ...
is the practice of issuing options contracts on a later date than which the options have listed. While options backdating is not, in and of itself, an illegal practice , intentional backdating that coincides with low underlying stock prices and an accounting report that claims the contracts to have been issued on those low dates as “ at the money ” – rather than “ in the money ” – contracts has resulted in the SEC ’s public view that backdating could be considered fraudulent. While options backdating has been used to enhance or increase the value of options contracts while reaping the tax benefits of having issued “at the money” ...
Winston & Strawn LLP: Financial Services Update - April 26, 2010
It was a busy week around Wall Street. President Obama went to New York seeking support for his plans for financial reform. Obama's speech focused on the controversial 1300+ page Dodd bill which, if passed, could have a widespread impact on the financial industry. With a potential Republican filibuster looming, however, the bill will likely undergo significant changes before passing. One perhaps unexpected repercussion of the Dodd bill has been the potential impact on angel financing. Specifically, Dodd's bill, as originally drafted, would require start-ups raising funding to register with the SEC and then wait 120 ... market research, surveys and trends
Fastest Trading Networks to be put Under the Spotlight
Financial Traders Given Clear Visibility of Network Performance Through NetEvidence's Highlight SaaS Network Monitoring System GUILDFORD, England , March 9, 2010 - As millions of pounds and dollars are being pumped into new networking technologies to increase the speed of financial trading, NetEvidence launches a breakthrough SaaS-based network monitoring system so both Exchanges and Subscribers can prove their networks are delivering the speed and performance expected - at all times. The 'Highlight Extended Performance Insight' (xPI) provides the Financial Markets community with latency monitoring, measured in ... market research, surveys and trends


Article Backdating ThadDavis 9-24-09 - A Three-Year 'Look Back' at ...
settled for a total known cost of $1.523 billion; forty-one derivative suits ..... “Spotlight on Stock Options Backdating” Securities and Exchange Commission . ... “CNet's 4Q profit plunges 70 percent.” (January 30, 2007). ... industry trends, business articles and survey research
A study of companies with abnormally favorable
Aug 16, 2009 ... notably those listed in “Spotlight On: Stock Options Backdating” ..... below $100 million, only 3 (12 percent) are in the DHPB sample. ... industry trends, business articles and survey research


Federal Securities Law Considerations for Equity Compensation Plans
tionsbackdating.htm) entitled “spotlight on: stock options Backdating” that presents considerable information on this subject, including recent ... technology research, surveys study and trend statistics
Spotlight on Stock Options Backdating
Officers For Backdating Stock Options Based on Rulings and Comments From the Court (SEC v. Henry T. Nicholas III, Henry Samueli, William J. Ruehle, and David Dull, Litigation Release No. 21409 , February 4, 2010) Michael F. Shanahan, Sr., Former Engineered Support Systems, Inc. Chairman and CEO, Agrees to Settle SEC Charges in Option Backdating Case; Relief Includes Permanent Injunction, Officer-and-Director Bar, and $750,000 Penalty (SEC v. Michael Shanahan, Sr. et al., Litigation Release No. 21362 , January 6, 2010) SEC Files Lawsuit Against Black Box Corporation , Former CEO and Former CFO for Stock-Options Backdating ... technology research, surveys study and trend statistics
The Path of Corporate Law: Of Options Backdating, Derivative Suits ...
options backdating scandal to spotlight the derivative suit, an ...... 108 Keller-Rohrback Law Offices, Practice Areas: Stock Option Backdating, ...
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Google Answers: corporate whistleblowers - backlash
Hello, jaystallard-ga! I have compiled some articles from reputable sources on the repurcussions faced by whistleblowers who reveal corruption or faulty practices within their organizations. === "Time Magazine's Persons of the Year - Cynthia Cooper, Coleen Rowley and Sherron Watkins," by RICHARD LACAYO AND AMANDA RIPLEY. Dec. 22, 2002 "..whistle-blowers don't have an easy time. Almost all say they would not do it again. If they aren't fired, they're cornered: isolated and made irrelevant. Eventually many suffer from alcoholism or ...