On May 25, 2007, the company said the SEC had informed the company it had completed its probe and didn't intend to recommend any enforcement action.(Headlines)On June 21, 2006, Altera said its special committee has reached a preliminary conclusion that actual measurement dates for certain option grants issued between 19 differed from the recorded grant dates, and that it expects to restate its financial statements for the fiscal years ended 1996 through 2005.It plans to restate results from fiscal 1998 through the first quarter of 2006. 15, the company said the SEC was probing its stock-option practices. 6, the company said it found evidence of intentional manipulation of stock option pricing by one former executive and some evidence that two other former executives "may have been aware of, or participated in, this conduct." It is recording extra noncash stock-based compensation expense of 6 million, after tax, for the period January 1998 to June 30, 2006.(Headlines) Analog Devices said May 24 it had received a subpoena from the U. Attorney for the Southern District of New York requesting records related to stock options.On June 7, 2007, the company said the SEC issued a formal probe order related to its stock-options grants.(Headlines)The Dallas technology outsourcer acknowledged May 10, after a preliminary internal probe, that it had issued executive stock options that carried "effective dates" preceding the written approval of the grants.Securities Fraud Class Actions (Total as of latest update = 39): 1. Amkor Technology (see discussion of this case here) 3. Newpark Resources (see discussion of this case here) 24. Pain Care Holdings (see discussion of this case here).
His track record for value creation draws entrepreneurs and corporations seeking his advice.The company also said its board has appointed a special subcommittee of independent directors to conduct an internal review of the companys historical stock-option grant practices. 25 the company said it appears likely that actual measurement dates for certain historical stock-option grants will be found to differ from the recorded grant dates for such awards.As a result, it is possible that Activision will be required to record additional stock-based compensation expense related to stock-option grants.The information in this post was last updated on September 10, 2008 The purpose of this blog post is to track options backdating related litigation. All of the companies that have been sued — and of which the will note at the top and bottom of this post the date on which the information was most recently updated, and will indicate in red which information has been most recently added.