A San Jose, Calif., jury concluded on Friday that former Maxim Integrated Products CFO Carl Jasper was liable for securities fraud related to a backdating scandal. The jury decided that Jasper was liable on eight out of 11 counts, including fraud and lying to auditors. Jasper is the first executive to be taken to trial over backdating by SEC lawyers in San Francisco.
April 26, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The San Francisco SEC office won big in its first stock option backdating trial.
A San Jose, Calif., jury concluded on Friday afternoon that former Maxim Integrated Products CFO Carl Jasper was liable for securities fraud related to a backdating scandal.
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