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RIM execs to pay £50m in backdating settlement
News The co-chief executives of Research in Motion and two other executives will pay more than £50.2m to settle a stock options-backdating case, under an agreement approved on Thursday by Canada's securities commission.
[February 9, 2009, 13:34]
Apple execs settle stock-options lawsuit
News Apple executives have settled a shareholder lawsuit filed over its stock-option backdating practices for $14m (£8m). Attempts by shareholders to sue on their own behalf have been stymied by the fact Apple's stock has risen since the backdating was...
[September 11, 2008, 8:40]
Why Jobs has the backing of Apple's board
News For the hundreds of companies accused of inappropriately backdating stock options, there's no pat answer for what to do. Some, such as security software maker McAfee, have asked their chief executive and other top executives to step down, even...
[February 2, 2007, 8:07]
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Downloads Turn your shareware, trial or demo applications into "try-before-you-buy" software with little effort and maximum protection against piracy, backdating, reverse-engineering or any kind of tampering. Features: Anti-debugging & Anti-monitoring...
[February 12, 2009, 16:33]
Expect more stock option cases, warn Feds
News At a hearing here convened by the Senate Finance Committee, top officials from the Securities and Exchange Commission, Internal Revenue Service and Department of Justice's corporate fraud unit said they couldn't be sure how many of the companies...
[September 7, 2006, 9:55]
Former Apple lawyer settles stock-options lawsuit
News Stock-option backdating is legal if properly disclosed, but dozens of companies — including ZDNet.co.uk publisher CNET Networks — in the earlier part of this decade failed to do so, and executives at other companies have gone to prison as a result.
[August 15, 2008, 10:24]
Apple execs reaped 'millions' in unlawful profits, shareholders allege
News The practice of repeatedly and consciously backdating stock options granted to Apple's executives and directors remained concealed from the public and its shareholders," the action against Apple alleges.
[August 23, 2006, 17:25]
Apple escapes charges in US stock-options probe
News However, Apple isn't free from the backdating headache yet. A shareholder lawsuit filed last month in a federal court in San Jose alleges that several executives and directors of Apple committed securities fraud by failing to disclose the company's...
[July 11, 2008, 10:42]
Former CFO quits Apple in stock options probe
News Option grants made on 15 occasions between 1997 and 2002 appear to have grant dates preceding their approval, a practice known as backdating. In stock-option backdating, a company selects a favourable grant date for the options when the company's...
[October 5, 2006, 9:10]
Former McAfee exec wants damages made public
News Former McAfee president Kevin Weiss, exonerated of wrongdoing in a stock option-backdating scandal, plans to ask a judge on Monday to unseal the arbitration award that cleared him of wrongdoing and ordered McAfee to pay damages for firing him...
[August 24, 2009, 11:57]
Jobs, Apple directors face new stock-options lawsuit
News Current and former members of Apple, including chief executive Steve Jobs and several directors, are being sued again over their role in the company's stock-options backdating affair. Martin Vogel and Kenneth Mahoney, the plaintiffs, are charging...
[July 3, 2008, 9:41]
Apple's Jobs hit by ex-CFO stock options claims
News Former Apple chief financial officer Fred Anderson issued a statement on Tuesday claiming that he advised Apple chief executive Steve Jobs of the accounting implications of backdating in January 2001, contrary to Apple's previous statements that...
[April 25, 2007, 8:35]
Former Brocade execs face stock options charges
News In a case with far-reaching implications for Silicon Valley, former top executives of Brocade Communications Systems are facing civil and criminal charges relating to allegations of stock option backdating.
[July 21, 2006, 8:35]
RIM chairman quits over stock options
News The chairman of handset manufacturer RIM has resigned following an investigation into the backdating of stock options, but will stay on as co-chief executive and director of the BlackBerry-maker. Jim Balsillie, who had been the Canadian firm's...
[March 6, 2007, 12:11]
Apple defends Jobs amid strong financial results
News Apple reported financial results far ahead of Wall Street's expectations on Wednesday, and the company's board of directors defended chief executive Steve Jobs' role in Apple's stock options backdating scandal.
[April 26, 2007, 9:49]
BEA set to file delayed financial reports
News BEA, like a number of technology companies, had to restate earnings because of accounting problems related to the backdating of stock options to its executives. BEA Systems plans to file its delayed quarterly and annual reports with the US...
[November 15, 2007, 11:08]
Brocade to buy Foundry Networks
News Last month, the company also found out that it would be paying $160m for Brocade Communications to settle a US federal securities class-action lawsuit tied to the company's stock-option backdating practices.
[July 22, 2008, 8:52]
Juniper faces $900m charge in options scandal
News This practice of backdating — in which the grant date of an option is moved to coincide with a low point in the value of a company's shares — appears to have been widespread in the dot-com and technology sector.
[December 21, 2006, 12:05]
Dell cuts bonuses and reduces management
News The company has not specified the exact nature of the accounting issues, but has said they involve revenue recognition, and they do not appear to be associated with the stock-options backdating practice that has ensnared hundreds of companies over...
[February 5, 2007, 9:17]
McAfee sheds top execs over earnings probe
News These investigations involve pricing options around the lowest trading range for the stock during the month they were approved rather than the date they were awarded, a practice known as backdating. McAfee announced on Wednesday that Dale Fuller is...
[October 11, 2006, 15:30]
