We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Family Dollar Officers Cough Up Options In Settlement

Law360 (June 25, 2007, 12:00 AM EDT) -- Four officers of Family Dollar Stores Inc. have agreed to forgo more than 200,000 stock options as part of a settlement in several shareholder lawsuits brought over the discount retailer's alleged improper stock option backdating.

The settlement, which still needs to win court approval, ends several federal and state actions brought against the company for activities dating back to 1995, according to court documents filed in the U.S. District Court for the Western District of North Carolina on Friday.

The plaintiffs' counsel said they will seek...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.