• Stock Options Dating: Investigations in the Wake of Suspicion
  • April 5, 2007 | Authors: Joseph J. Aronica; Karen Shichman Crawford; Charles E. Harrell
  • Law Firms: Duane Morris LLP - Washington Office; Duane Morris LLP - San Diego Office ; Duane Morris LLP - Houston Office
  • More than 130 companies face regulatory investigation of their stock options dating policies, thousands more may have option timing concerns, and several executives have received criminal penalties for their roles in options backdating. Most companies ultimately should be able to address regulator and prosecutor concerns without incurring sanctions. However, any company that suspects it has a problem should immediately launch an internal investigation by either the company's audit committee or a special board of directors committee.By Counsel to Counsel Editor John M. Toth