SEC Case Against Ex-Microtune Execs Time-Barred: 5th Circ.

Law360, New York (August 10, 2012, 8:22 PM EDT) -- The Fifth Circuit on Thursday upheld a lower court's time bar on the U.S. Securities and Exchange Commission's options backdating case alleging two former Microtune Inc. executives schemed to under-report their compensation by $22.5 million.

The Fifth Circuit agreed with former Microtune CEO Douglas J. Bartek and former Chief Financial Officer Nancy A. Richardson, ruling in a per curiam decision that the SEC should have discovered the backdating practice during its review of Microtune's filings connected with the company's initial public offering in May 2000....
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