Time to throw another lawsuit on the pile of dismissed civil claims stemming from alleged stock option backdating by former executives at Mercury Interactive. The latest ruling came Monday, when Judge Jeremy Fogel dismissed with leave to amend a securities class action against former managers and the company, now owned by Hewlett-Packard, as overly broad. SEC charges of helping a scheme to backdate options and improperly account for them remain against former general counsel Susan Skaer.
Federal Judge Tosses Mercury Securities Suit
August 2, 2007