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Monday, March 19, 2007

Options Backdating Class Actions - A New Twist

Our options backdating securities class action list has been updated to add Wireless Facilities, Inc. (NASDAQ: WFII) to the list. The number of companies on the list now stands at 29.

We are thrilled to report that our statement last week (that every single company on the options backdating securities class action list had also been named in an options backdating derivative lawsuit) has been trumped by the filing of the Wireless Facilities class action, as the company does not yet appear to be involved in derivative litigation.

The number of derivative actions filed, according to The D&O Diary's count is 153.

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