Feds Launch Probe Into Sanmina-SCI Stock Options

Law360, New York (November 29, 2007, 12:00 AM EST) -- Electronics manufacturer Sanmina-SCI Corp. said in a regulatory filing Wednesday that the company was the subject of probes from three federal agencies related to its stock option granting practices, including the U.S. Securities and Exchange Commission, which has issued a formal order of investigation.

San Jose, Ca.-based Sanmina-SCI's latest 10-K filing with the SEC added that the company has also received a grand jury subpoena from the U.S. Attorney for the Northern District of California, and that the Internal Revenue Service had made several document requests...
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