Options Backdating Scandal To Escalate In 2007

Law360, New York (December 22, 2006, 12:00 AM EST) -- What began as an investigation into compensation practices at Silicon Valley chip makers has escalated into the biggest story of 2006, and the ripple effect of the options backdating scandal shows no signs of tapering off in 2007.

The U.S. Securities and Exchange Commission investigation into companies that allegedly engaged in option backdating originally focused on timing stock-option grants to benefit from positive corporate news that would drive up stock prices.

But as evidence began to pile up, the agency shifted its focus to the increasingly...
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