Backdating Suit Against Affymetrix Execs Continues

Law360, New York (October 27, 2008, 12:00 AM EDT) -- Current and former executives and board members of genetic testing materials company Affymetrix Inc. can be held liable for misconduct related to stock options backdating, a judge decided on Friday.

Judge James Ware issued a partial denial of two motions to dismiss, filed on behalf of the executives and board members in U.S. District Court for the Northern District of California.

The partial denial tossed out some of the claims filed against more than a dozen defendants in the derivative shareholder suit.

But the judge’s order...
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