Communications backdating

14-Jan-2017 14:54

(The options would be worthless if the stock fell to, say, .) Think of options as coupons you can sell.

Do you ever wish that you could turn back the hands of time?

Meanwhile, a second Brocade backdating case went to jury. The following analysis is from Travis Laster: Now, there is a third important decision from Chancellor Chandler in the Maxim option backdating case: Ryan v. …The Special Committee was formed to investigate wrongdoing and in response to litigation in which certain directors were named as individual defendants.

[We have posted this opinion, as well as the other ones from this case, in our “Backdated Options” Practice Area on Compensation ] – In the most significant of several holdings, the Chancellor ruled that a Special Committee created by the Maxim board to investigate concerns about stock option backdating waived the attorney client privilege as to all of the communications between the Special Committee and its lawyers and therefore had to produce all communications relating to the investigation and report.

The Court found that the waiver as to the presentation of the report was a “partial waiver” which “operates as a complete waiver for all communications regarding this subject matter.” (pages 6-7).

The Chancellor also held that in the absence of a waiver, the materials would be ordered produced under the “good cause” exception to the attorney client privilege – also known as the Garner doctrine – which can be invoked in stockholder litigation against fiduciaries.

Reyes began working full-time position at Convergent while taking evening classes in order to complete his degree.

This describes a relationship more akin to one adversarial in nature.” (page 7).Already, some companies have begun restating years worth of financial results.To try to answer some questions about what's going on, CNET has compiled the following list of frequently asked questions. Backdating, which refers to the practice of altering the dates of grants, is a way for employees of a company to make additional money from stock options.If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected] It will help us if you say what assistive technology you use.The tech industry's stock option backdating scandal appears to be gathering steam.

This describes a relationship more akin to one adversarial in nature.” (page 7).

Already, some companies have begun restating years worth of financial results.

To try to answer some questions about what's going on, CNET has compiled the following list of frequently asked questions. Backdating, which refers to the practice of altering the dates of grants, is a way for employees of a company to make additional money from stock options.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected] It will help us if you say what assistive technology you use.

The tech industry's stock option backdating scandal appears to be gathering steam.

Reyes obtained his first CEO position with Wireless Access, a Silicon Valley start-up company specializing in two-way pagers.