Options Backdating Payouts Approach $600M In 2009

Law360, New York (January 19, 2010, 6:17 PM EST) -- Companies and individuals accused of options backdating paid out almost $600 million in fines and settlements in 2009 as some major backdating cases, including those involving Research In Motion Ltd. and Broadcom Corp., made their way through the pipeline.

The SEC made an aggressive push in 2009 to close the book on pending backdating actions, and lawyers say the payouts signal that options backdating-related litigation is drawing to a close.

"My sense is that the bulk of the settlements have been made public already," said Steve...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.