We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Monster CEO Cuts A Deal In Backdating Case

Law360 (January 23, 2008, 12:00 AM EST) -- The founder of the online employment site Monster Worldwide Inc. has made a deal with federal prosecutors in the stock options backdating case pending against him, inking a deferred prosecution agreement that will allow him to escape jail time.

In an agreement made public on Wednesday, the government said that it would drop its case against Andrew McKelvey in 12 months if the former Monster CEO abides by the terms of the deal.

Prosecutors said that McKelvey's poor health prompted the negotiation of the agreement. McKelvey,...
To view the full article, register now.
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.