Ex-GC Gets Probation For Backdating

Law360, New York (March 3, 2010, 12:43 PM EST) -- A federal judge has sentenced the former general counsel of Internet-based job services company Monster Worldwide Inc. to a year of probation for his role in the company's stock options backdating scandal, delivering a relatively light sentence in recognition of his cooperation with the government.

U.S. District Judge Jed Rakoff of the Southern District of New York handed the sentence down to Myron Olesnyckyj on Tuesday, also ordering the lawyer to disgorge $381,000 in ill-gotten gains and fining him an additional $6,000.

Olesnyckyj pled guilty in...
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