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Friday, August 1, 2008

Options Backdating - Newest Update

monster_com.JPG

Once again, it is time to update the options backdating numbers, with the announcement this week that Monster Worldwide Inc. had agreed to settle an options backdating securities class action for $47.5 million.

Of the 39 options backdating cases that have been filed as securities class actions, 24 have now reached a resolution. Of the resolved cases, 10 of those cases have been dismissed and 14 have settled.

The fourteen settlements total $1.36 billion, for an average of $97.7 million. But, removing the largest settlement (UnitedHealth Group) lowers the average back to $36.41 million.

As always, our complete analysis can be accessed in this presentation.

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