In one of the more unusual twists in the wave of stock options irregularities, cable TV operator Cablevision Systems Corp. disclosed in a regulatory filing that it had granted options to an executive after his death, but improperly recorded grant's date to a time when the executive was still alive. Cablevision restated its financial results last week because of improper stock options practices, and also said it had received a subpoena from the U.S. Attorney's Office for the Eastern District of New York.
September 25, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In one of the more unusual twists in the current wave of stock options irregularities, cable TV operator Cablevision Systems Corp. said it granted options to an executive after he died.
Cablevision restated its financial results on Sept. 21 because of improper stock options practices and also said it had received a subpoena from the U.S. Attorney’s Office for the Eastern District of New York, which is investigating the company.
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