Prosecutors Plan To File First Backdating Charges
Bookmark & ShareJuly 17, 2006
Regulators this week plan to file criminal charges in the first enforcement case to emerge from the current options scandal, two people with direct knowledge of the matter said. At least 12 more cases probably will follow, said the people, who asked not to be identified because the probes aren't public. More than 2,200 U.S. companies may have tampered with the timing of executive stock-option grants between 1996 and 2005, according to a study by researchers who helped set off the current wave of federal investigations. One of the researchers was ERIK LIE of the University of Iowa.
Contact: Erik Lie, ,
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