X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Mercury Interactive Corp. produces software to help analyze and streamline business technology. Now in the midst of a management overhaul, the Mountain View company is hoping that its new general counsel, Sandra Escher, can help streamline its own operations. In the last year, Mercury’s chief executive, financial and operating officers, along with its previous general counsel, resigned amid internal investigations into manipulation of employee stock data. After a 2004 inquiry from the Securities and Exchange Commission, Mercury and independent counsel O’Melveny & Myers discovered that executives had altered dates on over 40 stock option exercise dates in order to increase stock value. Escher is part of a new executive team that is working to distance Mercury from the 2005 financial scandals that led to late and misfiled reports and delisting from Nasdaq. She brings experience in corporate and securities law as well as familiarity with the California tech world. Along with serving for eight years as GC at Silicon Graphics Inc., Escher also headed SGI’s corporate legal services and corporate development departments. In January, Mercury acquired software compatibility specialist Systinet Corporation, and Escher was recently involved with handling the legal management of that acquisition. Her compliance work will also be crucial to rebuilding investor confidence and getting the company relisted on Nasdaq. Mercury is required to submit corrected versions of previous filings by the second quarter of 2006. At Mercury, business monitoring and restructuring will start at home. Denali K. Dasgupta is an assistant editor at Corporate Counsel magazine, which is affiliated with GC California.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.