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Friday, July 21, 2006

Welcome to "The D&O Diary"

A belated "welcome to the blogosphere" to The D&O Diary, a relatively new blog that since May 2006 has been posting "items of interest from the world of Directors and Officers Liability, with occasional commentary."

One item that D&O Diary has been following closely recently is securities class actions and derivative actions concerning options backdating.  In this post on the subject, D&O Diary's Kevin LaCroix states:

While The D & O Diary would prefer it if somebody else would do the work, The D & O Diary is also a firm believer that sometimes one just has to do what needs to be done if nobody else will do it. So as a public service, The D & O Diary hereby commits to maintain and update on this blog post a running tally of all the companies that have been sued based upon options timing allegations.

SLW can't help you on the derivative side of this request, but seeing how my company (ISS' Securities Class Action Services) already has a team of people researching securities class actions 24X7, we hereby volunteer to take the tracking of options backdating securities class actions off your plate.  In a follow-up post, I will list the cases known to date, a list that will be updated regularly.

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