Options Backdating - Newest Update
Once again, it is time to update the options backdating numbers, with the announcement this week that Monster Worldwide Inc. (NYSE: MWW) 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.
| Permalink | Print Article | Back To Top |











TrackBack
TrackBack URL for this entry:
http://blog.riskmetrics.com/cgi-bin/mt-tb.cgi/1120