CNET Backdating Probe Dropped By SEC

Law360, New York (September 5, 2007, 12:00 AM EDT) -- Online publisher CNET Networks Inc. has received some good news from the U.S. Securities and Exchange Commission. The company revealed Tuesday that the SEC has closed its investigation into its stock options-granting practices without recommending any enforcement actions.

The company said in a brief filing with the SEC that it had received notice from the regulator that the probe had ended.

CNET had previously disclosed in an August SEC filing that the SEC had issued a formal order of investigation and served subpoenas on some of...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.