Ex-Monster Exec Settles SEC Backdating Suit

Law360, New York (May 20, 2010, 6:41 PM EDT) -- A former high-ranking Monster Worldwide Inc. executive has agreed to pay just over $235,000 to settle the U.S. Securities and Exchange Commission's stock options backdating claims against him.

Judge Richard J. Sullivan of the U.S. District Court for the Southern District of New York on Wednesday signed off on the consent agreement, which will see former Monster Controller Anthony Bonica pay nearly $116,000 in disgorgement, almost $60,000 in prejudgment interest and a $60,000 civil penalty to close the book on the SEC's backdating claims.

Bonica, who...
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