Things were looking grim for VeriSign. This summer the company took a $160 million charge to account for misdated stock options it had granted between 2002 and 2005. But on Wednesday, the company reported a happy ending: The Securities and Exchange Commission closed its investigation of the company's option practices without taking enforcement action. The announcement follows word that several other Silicon Valley companies are also off the SEC's hook for backdating irregularities.
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SEC Cuts VeriSign Loose on Backdating
The Recorder
November 16, 2007
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