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Erik Lie's Research Cited in Flir Case

Flir Systems Inc. has reversed itself and acknowledged -- for the first time -- problems with stock option grants issued to its current executives in 2001. Flir said Thursday it will restate a decade of financial reports and record a noncash charge of about $14 million to account for improper options. Flir said it may also have to pay tax on past options that weren't accurately reported. Close to 200 companies nationwide face scrutiny over the practice, first uncovered in 2005 by University of Iowa professor ERIK LIE. The Oregonian originates in Portland.


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