Wave Of Derivative Suits Follows Options Probe

Law360, New York (May 24, 2006, 12:00 AM EDT) -- Inquests into questionable stock options practices at several high-tech companies have prompted a slew of derivative suits, as shareholders claim that boards of directors are looking the other way as executives manipulate their options grants to reap millions.

Analog chipmaker Maxim Integrated Products is just the most recent company to be hit with a derivative suit.

Filed against the company and some of its officers and directors, the suit focuses on options grants from 1995 to 2000, claiming that Maxim’s options practices allowed company executives to...
To view the full article, register now.