Cablevision Adds Subpoena To Its Stock Options Woes

Law360, New York (September 22, 2006, 12:00 AM EDT) -- Cablevision Systems Corp. received a grand jury subpoena in connection with the Securities and Exchange Commission investigation into stock options backdating, the Long Island-based cable company disclosed on Thursday in a quarterly earnings statement.

The subpoena came from the Eastern District of New York in Brooklyn, Cablevision said in the second quarter 10-Q filing with the SEC.

The company said that it has “incurred substantial expenses in 2006 for legal, accounting, tax and other professional services in connection with the company’s voluntary review of its past...
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