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Luck Played Hand In Well Timed Options Grants: Study

Law360 (March 8, 2007, 12:00 AM EST) -- The curious pattern of favorable options grant timing at the center of last year’s massive backdating scandal may have been a case of happy happenstance, a paper by an economics think tank has suggested.

The report, the third in a series on backdating by the NERA Economic Consulting firm, argues the Wall Street Journal article that broke the scandal last March treated as “wildly improbable” certain companies’ grant dates when, statistically, they could have been very likely.

Titled “Options Backdating: The Statistics of Luck,” the paper...
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