Family dollar backdating
The Special Committee was unable to determine the dates on which Consents were fully executed in accordance with Delaware law.
The Special Committee made certain factual findings regarding the time at which the annual grants in fiscal years 1997, 20 were approved.
The information in this post was last updated on September 10, 2008 The purpose of this blog post is to track options backdating related litigation.
All of the companies that have been sued — and of which the will note at the top and bottom of this post the date on which the information was most recently updated, and will indicate in red which information has been most recently added.
However, the Special Committee concluded that the process by which the grant dates were selected in certain years was far from satisfactory.During this period Dollar Tree expanded the geographical scope of its purchasing from Asia to countries such as Mexico, Argentina and Brazil.It also built a new headquarters in Chesapeake, Virginia.Taking a very different tack, Comverse's former CFO, David Kreinberg, last week became the first top level executive to settle actions brought by the SEC and the US Attorneys' Office since options backdating came into the media spotlight last Spring.In settling with the SEC, the former Comverse CFO consented to, among other sanctions, a permanent injunction against violation of the securities laws, a permanent bar against serving as a corporate officer or director, and payment of .4 million in disgorgement and pre-judgment interest.