SEC Holds On To Most Claims In Backdating Suit

Law360, New York (August 27, 2008, 12:00 AM EDT) -- A federal judge has allowed the U.S. Securities and Exchange Commission to move forward with most of its claims in the agency's first amended complaint alleging a former executive of both KLA-Tencor Corp. and Juniper Networks Inc. played a key role in illegally backdating stock options.

Following the defendant's motion to dismiss, Judge Ronald M. Whyte of the U.S. District Court for the Northern District of California on Wednesday agreed to dismiss some claims, but upheld most, against Lisa C. Berry, a former vice president and...
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