More Backdating Charges
The government has announced charges against three more executives as its pursuit of options backdating offenses intensifies.
ABAJournal.com noted one of the cases against the ex-CEO of KLA-Tencor in a post earlier today. The Securities and Exchange Commission filed a civil suit yesterday against the former executive, Kenneth Schroeder, accusing him of ignoring his lawyers’ advice as he plotted to backdate stock options. He denies the charges.
The Wall Street Journal (sub. req.) lists the other executives charged in stock options cases as:
–Former CFO Carole Argo of SafeNet Inc., accused of securities fraud and conspiring to backdate stock options. Her lawyer says she is innocent.
–Former CEO Robert Therrien of Brooks Automation Inc., accused of tax evasion related to manipulation of an options grant. His lawyer says he will contest the allegations.
