SEC Tightens Up Backdating Claims V. Mercury Execs

Law360, New York (October 16, 2009, 5:30 PM EDT) -- The U.S. Securities and Exchange Commission has amended its options backdating suit against three former executives of Mercury Interactive LLC following a judge's ruling that many of the agency’s claims were too vague, including all fraud allegations against the software company’s ex-general counsel.

The SEC filed its amended complaint against Mercury’s former CEO Amnon Landan, former Chief Financial Officer Douglas Smith and attorney Susan Skaer in the U.S. District Court for the Northern District of California on Thursday.

Judge Jeremy Fogel pared down the SEC’s murkier...
To view the full article, register now.




Case Information

Case Title

Securities And Exchange Commission v. Mercury Interactive LLC et al

Case Number



California Northern

Nature of Suit



William Alsup

Date Filed

May 31, 2007

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.