Ex-Maxim CFO Hit With $2.2M Backdating Judgment

Law360, New York (July 23, 2010, 1:06 PM EDT) -- Scrapping last-ditch calls for a new trial, a federal judge has ordered the former chief financial officer of Maxim Integrated Products Inc. to pay more than $2.2 million for orchestrating a massive options backdating scheme at the semiconductor company.

Judge James Ware wrapped up the U.S. Securities and Exchange Commission’s case Wednesday in the U.S. District Court for the Northern District of California, issuing a judgment that requires former CFO Carl Jasper to fork over more than $1.8 million in bonuses and stock sale profits, pay...
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