When it comes to options backdating, Mercury Interactive Corp. will hold off at least six months from pursuing civil claims against its independent auditors at the time, PricewaterhouseCoopers. The reason? Mercury is currently restating its financials and says that it needs to keep a good relationship with PWC during this crucial time. As civil backdating litigation gears up, Mercury's dilemma offers a small window into the awkward association between companies and their auditors.
July 26, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When it comes to options backdating, Mercury Interactive Corp. will hold off at least six months from pursuing civil claims against its independent auditors at the time, PricewaterhouseCoopers.
The reason? According to a report of the company’s special litigation committee, Mercury — which obtained the stay in Santa Clara County Superior Court earlier this month — is currently restating its financials and says that it needs to keep a good relationship with PWC during this crucial time.
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