Attorneys, Auditors Likely Targets In Options Suits

Law360, New York (August 24, 2006, 12:00 AM EDT) -- As the options backdating scandal continues to widen, regulators and shareholders may soon set their sights on a new target: the attorneys and auditors consulted in the development and execution of executive stock options plans.

The professionals involved in drafting options plans are likely to be swept up in the next round of lawsuits filed over the controversial practice of options backdating, which may prompt firms to begin taking proactive steps to ward off legal attacks.

Attorneys and auditors may face backdating-related scrutiny from several sources,...
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