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Western Digital Discloses Options Backdating Suits

Law360 (November 20, 2006, 12:00 AM EST) -- Western Digital Corp. disclosed in a filing Monday with the U.S. Securities and Exchange Commission that it faces a number of shareholder lawsuits brought in the wake of its disclosure of stock option backdating.

The filing says that the suits – filed since August – name a number of current and former directors and officers.

“We are and may in the future be subject to other litigation or government investigations arising in connection with such option practices,” the company said in the filing. “These proceedings may...
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