Ex-Black Box Execs To Pay $240K To End SEC Claims

Law360, New York (December 7, 2009, 7:23 PM EST) -- Two former executives of Black Box Corp. have agreed to collectively fork over almost $240,000 as part of a deal to end the U.S. Securities and Exchange Commission's investigation into alleged stock options backdating at the technology infrastructure supplier.

In a motion in the U.S. District Court for the Western District of Pennsylvania on Monday, the SEC sought court approval for an agreement requiring former Black Box CEO Frederick C. Young to pay a civil penalty of $120,000 and former Chief Financial Officer Anna M. Baird...
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