Ex-Mercury GC Ends SEC's $258M Options Backdating Suit

Law360, New York (March 18, 2013, 2:57 PM EDT) -- The former general counsel of Mercury Interactive LLC has settled charges related to an alleged $258 million stock options backdating scheme, resolving the U.S. Securities and Exchange Commission's suit against the software company, the agency said Friday.

The settlement with Susan Skaer puts an end to the SEC's litigation over allegations that she and other executives helped Mercury, a software maker that has since been acquired by Hewlett-Packard Co., hide more than $258 million of compensation expenses by manipulating stock option grants.

Skaer will pay $628,037...
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