Jury Finds Maxim CFO Liable In SEC Backdating Case

Law360, New York (April 26, 2010, 12:56 PM EDT) -- A jury has found the former chief financial officer of semiconductor maker Maxim Integrated Products Inc. liable for his role in an alleged options backdating scheme.

A jury in the U.S. District Court for the Northern District of California found Friday that former CFO Carl Jasper was liable for eight claims made by the U.S. Securities and Exchange Commission, including fraud, lying to auditors and aiding Maxim’s failure to maintain accurate books and records.

The jury said Jasper was not liable for claims of obtaining money...
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