Class Action Targets Affiliated Computer

Law360, New York (September 21, 2006, 12:00 AM EDT) -- Already embroiled in a derivative suit over options backdating, Affiliated Computer Services has been hit with a class action that alleges the IT services company violated the Employee Retirement Income Security Act (ERISA) as a result of its improper stock options practices.

The lawsuit, lodged in the U.S. District Court for the Eastern District of New York on Sept. 15, accused Affiliated and its former directors of breaching their fiduciary duties by engaging in activities related to stock options granted between December 1998 and March 2006,...
To view the full article, register now.