2nd Circ. Says Coty CFO Owed $5M Over Stock Options
A three-judge panel of the U.S. Court of Appeals for the Second Circuit found that Coty breached its options contract by retroactively valuing the company’s shares at nearly half their value after appellee Michael Fishoff exercised them.
The judges agreed with Judge Shira A. Scheindlin’s Feb. 5, 2010, decision in...
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