Ex-Mercury CFO Pleads Guilty In Backdating Scheme

Law360, New York (September 16, 2010, 7:31 PM EDT) -- Mercury Interactive Corp.'s former chief financial officer has pled guilty to tax evasion in relation to a stock options backdating scandal that caused the company to shell out $117.5 million to placate angry shareholders.

Sharlene P. Abrams pled guilty Monday in the U.S. District Court for the Northern District of California. She agreed to pay about $371,500 in restitution, federal prosecutors said Thursday.

Abrams, who is scheduled to be sentenced Jan. 10, faces up to three years in prison, prosecutors said.

Abrams was originally indicted in...
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