Changes To $9.5M Atmel Backdating Settlement OK'd

Law360, New York (January 25, 2010, 3:10 PM EST) -- A federal judge has approved changes to the settlement of a stock options backdating derivative lawsuit that will see current and former executives of Atmel Corp. hand over $9.65 million to the company and Atmel's board of directors take on additional responsibilities.

The order, signed by Judge Jeremy Fogel of the U.S. District Court for the Northern District of California, was entered into the docket on Jan. 21. Among the changes to the settlement agreement was the inclusion of a deadline of Jan. 29 for objections...
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