SEC Finalizes Backdating Settlement With Analog

Law360, New York (June 2, 2008, 12:00 AM EDT) -- More than two years after reaching an agreement with Analog Devices Inc. over backdated stock options, the U.S. Securities and Exchange Commission has formalized a $3 million settlement with the chip maker and a $1.5 million settlement with its CEO.

Among the first targets of the SEC's investigation into backdated stock option practices, Analog and CEO Jerald Fishman settled the SEC's complaint without admitting or denying the charges. The settlement was filed Friday in the U.S. District Court for the District of Columbia.

Analog agreed to...
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