Lie Comments on Pediatrix Backdating
Bookmark & ShareDecember 7, 2006
Source: Sun Sentinel
Pediatrix Medical Group said Wednesday that it has backdated stock options, making the Sunrise, Fla.-based provider of care for premature babies the first South Florida company to acknowledge engaging in a practice being scrutinized by federal investigators. Pediatrix also announced the resignation of board member Lawrence M. Mullen, who it said had a "significant role" in the administration of the stock options program. ERIK LIE, a University of Iowa expert on backdating who studies the relationship between grant prices and dates, said Pediatrix "has [made] quite a few grants, a number of which occur at troughs in the prices." But Lie wouldn't comment on the severity of the problem for Pediatrix or any specific company. The Sun Sentinel is based in Ft. Lauderdale.
Contact: Erik Lie, ,
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