Ex-Maxim Integrated Worker's Options Suit Tossed

Law360, New York (August 12, 2009, 6:02 PM EDT) -- A federal judge has thrown out a former Maxim Integrated Products Inc. employee's fraud, wages and breach of contract lawsuit that claims a review of the California electronics maker's options backdating practices forced him to delay the exercise of his options until after a share price drop rendered them worthless.

Monday's ruling, in the U.S. District Court for the District of Oregon, agreed with Maxim's argument that the plaintiff failed to state a claim, that stock options are not wages and that he had no contractual...
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