Mercury's Ex-CFO Charged With Backdating Scam

Law360, New York (April 22, 2008, 12:00 AM EDT) -- U.S. prosecutors have charged Mercury Interactive Corp.'s former chief financial officer with involvement in a scam to backdate stock option grants that last year caused the company to shell out $117 million to placate angry shareholders.

In a criminal complaint filed April 15 in the U.S. District Court for the Southern District of New York, San Francisco federal prosecutors accused the ex-CFO, Sharlene Abrams, of masterminding the scheme to push back exercise dates on stock options issued to her and two other senior executives.

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