Ex-Mercury Execs Best SEC's Foggy Grant Claims

Law360, New York (September 17, 2009, 2:53 PM EDT) -- Federal regulators have hit a stumbling block in a prominent stock options backdating suit against three former executives of Mercury Interactive LLC and now must amend the allegations, including all claims against the software company’s ex-general counsel.

Judge Jeremy Fogel of the U.S. District Court for the Northern District of California pared down the U.S. Securities and Exchange Commission’s murkier claims against Mercury’s former CEO Amnon Landan and former Chief Financial Officer Douglas Smith and swept away all the fraud allegations against attorney Susan Skaer....
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