Several Silicon Valley companies are breathing sighs of relief after learning that the SEC won't be taking any enforcement action against them for their stock option granting practices. Electronic Arts, Linear Technology, Nvidia, PMC-Sierra and Zoran all reported in regulatory filings in the last two weeks that the SEC had closed its backdating investigations. However, that doesn't mean that the SEC won't go after other companies for backdating, according to an SEC official in San Francisco.
November 13, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
Several Silicon Valley companies are breathing sighs of relief after learning that the Securities and Exchange Commission won’t be taking any enforcement action against them for their stock option granting practices.
Electronic Arts, Linear Technology Corp., Nvidia Corp., PMC-Sierra Inc. and Zoran Corp. all reported in regulatory filings in the last two weeks that the SEC had closed its backdating investigations.
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