Wave Of Derivative Suits Follows Options Probe

Law360, New York (May 24, 2006, 12:00 AM EDT) -- Inquests into questionable stock options practices at several high-tech companies have prompted a slew of derivative suits, as shareholders claim that boards of directors are looking the other way as executives manipulate their options grants to reap millions.

Analog chipmaker Maxim Integrated Products is just the most recent company to be hit with a derivative suit.

Filed against the company and some of its officers and directors, the suit focuses on options grants from 1995 to 2000, claiming that Maxim’s options practices allowed company executives to...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.