Ex-Mercury CFO To Pay $2.7M In Backdating Case

Law360, New York (March 23, 2009, 12:00 AM EDT) -- The former chief financial officer of Mercury Interactive LLC has agreed to hand over more than $2.7 million to settle charges by the U.S. Securities and Exchange Commission that she orchestrated a scam to backdate stock option grants for herself and other top employees.

Sharlene Abrams, the California-based software maker's ex-CFO, will pay $2.29 million in disgorgement of ill-gotten profits and a civil penalty of $425,000 to put the commission's complaint to rest, the SEC said Friday.

The settlement, which is subject to approval by the...
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