Monster Stock Options Probe Deepens

Law360, New York (January 18, 2007, 12:00 AM EST) -- Federal prosecutors have reportedly stepped up their investigation into stock-option manipulation at Monster Worldwide Inc., zeroing in on a series of e-mails penned by the online employment center’s former general counsel.

Citing unnamed sources, the Wall Street Journal reported on Thursday that the Monster investigation had intensified due to alleged admissions contained in the correspondence of Myron Olesnyckyi, who served as the company’s senior vice president, general counsel and secretary.

In December, Monster revealed that an internal review of the company’s stock option grants found that...
To view the full article, register now.