Monster Backdating Scandal Broadens

Law360, New York (April 30, 2008, 12:00 AM EDT) -- Two former senior executives at Monster Worldwide Inc. have been slapped with civil charges over their alleged participation in a multiyear scheme to secretly backdate stock options granted to thousands of the job-listings Web site's employees.

The U.S. Securities and Exchange Commission's complaint, filed Wednesday in the U.S. District Court for the Southern District of New York, names Monster's former President and CEO James J. Treacy and former Controller Anthony Bonica.

The complaint accuses the two men of participating in a scheme that began in 1997...
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