Tag Archives: backdating

Don’t Forget About Options Backdating

Amidst all the subprime hoopla, it would be easy to forget that only a year ago, options backdating was the hot topic. Options backdating might now seem passé, but several considerations suggest that options backdating remains important and that we still have a long way to go before we can be sure we have seen … Continue Reading

$65 Million KLA-Tencor Options Backdating Class Action Settlement

In its January 24, 2008 quarterly earnings release (here), KLA-Tencor also announced that it had entered into an agreement to settle the options backdating-related securities class action lawsuit that had been pending against the company and certain of its directors and officers for $65 million. KLA-Tencor was among the companies mentioned in a front-page May … Continue Reading

Tyson Foods “Springloading” Derivative Lawsuit Settles

A shareholders’ derivative lawsuit that generated the most prominent judicial pronouncements about options "springloading" has been settled. According to the company’s January 18, 2008 press release (here) and its filing on Form 8-K of the same date (here), the parties have settled the consolidated shareholders’ derivative lawsuit that has been been pending since 2005 against … Continue Reading