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

Backdating More Widespread Than Previously Thought

Law360 (July 18, 2006, 12:00 AM EDT) -- Nearly 30% of publicly traded companies—or upwards of 2,000 companies—may have illegally backdated stock options over a 10-year span, according to a new study by a pair of finance professors.

That is a far cry from the 60 or so companies that have so far admitted they are under investigation by the U.S. Securities and Exchange Commission or other government agencies.

“The alleged incidents of backdating that have surfaced in the media appear to represent merely the tip of the iceberg,” the study said.

“Our results...
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.