Circuit Maker Trident Settles Backdating Case For $2M

Law360, New York (July 19, 2010, 5:18 PM EDT) -- The U.S. Securities and Exchange Commission has reached a $1.6 million settlement with integrated circuit maker Trident Microsystems Inc. and two of its top executives over newly released allegations of violations related to stock options backdating.

From at least 1993 to May 2006, Trident and the executives engaged in a fraudulent and deceptive scheme to provide undisclosed compensation to executives and other employees, concealing millions of dollars in expenses from the company's shareholders, according to the SEC's complaint filed Friday in the U.S. District Court for...
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