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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities And Exchange Commission v. Mercury Interactive LLC et al


Case Number

3:07-cv-02822

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

William Alsup

Date Filed

May 31, 2007

Law Firms

Companies

Government Agencies

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.