Document Details Backdating Scheme At Mercury

Law360, New York (February 20, 2007, 12:00 AM EST) -- A confidential document that has been ordered unsealed in the shareholder derivative suit against Mercury Interactive will reportedly reveal the details of the stock options backdating scheme at the company, providing the text of an e-mail exchange between executives.

The document, filed in California state court as part of a 35-page complaint, has been ordered unsealed after a judge tossed the derivative suit. A judge dismissed the case on the grounds that, since Mercury was purchased by Hewlett Packard late last year, the plaintiffs no longer...
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