More Companies Afflicted By Stock-Options Practices

Law360, New York (August 7, 2006, 12:00 AM EDT) -- The growing options backdating scandal continues to be a thorn in the side of companies, with another announcing Monday that it is being investigated and two more announcing that they may have to restate some financial results.

In a financial filing, QuickLogic Corp. said Monday that it had received an informal inquiry from the U.S. Securities and Exchange Commission over its practices, procedures and disclosures relating to stock options grants.

QuickLogic, which designs and sells computer chips, had previously announced an internal review of its stock...
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