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“Mr. Ruehle, You Are a Free Man”: Judge Carney’s Dramatic Dismissal of the...
There has been widespread news coverage of the dramatic December 15, 2009 decision of Central District of California Judge Cormac Carney to throw out the options backdating related criminal charges...
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Comverse Technology Options Backdating Securities Suit Settles for $225 Million
According to a December 17, 2009 press release from the lead plaintiff’s attorneys, the parties to the Comverse Technology options backdating related securities lawsuit have agreed to settle the case...
View ArticleComverse Technology Settles Options Backdating Derivative Suit
In a December 28, 2009 press release (here), the plaintiffs’ lawyers announced the settlement of the Comverse Technology options backdating-related derivative lawsuit. This derivative lawsuit...
View ArticleBroadcom Settles Options Backdating Securities Class Action Suit
Broadcom Corporation, which previously settled its options backdating related derivative suit for $118 million, announced on December 29, 2009 (here) that it had settled the separate options backdating...
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Legislative Reform for the Securities Laws Before the 2010 Elections?
Over the years, legislative reforms of the U.S. securities laws have cycled back and forth, between initiatives, on the one hand, to discourage abusive litigation and, on the other hand, to restrain...
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NERA Releases Annual Canadian Securities Class Action Study
On January 27, 2010, NERA Economic Consulting released its updated annual review of Canadian securities class litigation entitled "Trends in Canadian Securities Class Actions: 2009 Update" (here). The...
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Maxim Integrated Products Enters Massive Options Backdating Settlement
Although some noteworthy settlements from the subprime-related securities class action litigation wave have started to accumulate (refer for example here), there are still some impressive settlements...
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D&O Insurance: Coverage for SafeNet Options Backdating Securities Suit...
The options backdating scandal may now be ancient history, but questions surrounding insurance coverage for the scandal’s consequences apparently continue to live on. In a September 9, 2011 opinion...
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Guest Post: Options Backdating Securities Class Actions: Tallying Up the Score
For a period beginning in 2006, plaintiffs’ lawyers filed a wave of options backdating securities class action lawsuits. Almost all of these cases have now been resolved, although one case continues to...
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A Blast from the Past: Fugitive Comverse Technology CEO Kobi Alexander...
A very long ten years ago – before the financial crisis, before the Euro crisis, before the Brexit vote — there was the options backdating scandal. The wave of litigation the scandal stirred up took...
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