The Atmel GC who was fired in a travel funds scandal and later blamed for stock option backdating problems wants to blow up the company's backdating settlement. Mike Ross claims a conflict involving Morrison & Foerster, Atmel's law firm, "taints" the $9.65 million settlement that is headed for final approval in federal court. The derivative suit was filed against 25 Atmel executives, including Ross, on behalf of the company. While 24 of the defendants reached a deal last year, the ex-GC and the company haven't come to terms.
March 22, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The canned Atmel Corp. general counsel wants to blow up the company’s stock option backdating settlement.
Mike Ross claims that a conflict involving Atmel’s law firm Morrison & Foerster “taints” the $9.65 million settlement that is now headed for final approval in federal court in San Jose, Calif.
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