SEC Backdating Suit Against Mercury Execs Pared

Law360, New York (September 29, 2010, 1:43 PM EDT) -- A federal judge has trimmed the U.S. Securities and Exchange Commission's stock options backdating suit against three former executives of Mercury Interactive LLC, nixing two securities violations claims while upholding several fraud claims against the company's former general counsel.

Judge Jeremy Fogel of the U.S. District Court for the Northern District of California on Monday partially granted separate motions to dismiss filed by Mercury’s former CEO Amnon Landan, former Chief Financial Officer Douglas Smith and attorney Susan Skaer, permanently dismissing a violation of reporting requirements claim...
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