The federal prosecutor overseeing Silicon Valley said last week the way a company responds to stock option backdating allegations is crucial to whether or not it will be indicted. Kevin Ryan, the U.S. Attorney for the Northern District of California, in July created a task force to pursue criminal charges related to stock option backdating. Ryan's office has issued one of the only criminal indictments over options backdating, against two executives at San Jose, Calif.-based Brocade Communications System.
December 05, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The federal prosecutor overseeing Silicon Valley said last week the way a company responds to stock option backdating allegations is crucial to whether or not it will be indicted.
Kevin Ryan, the U.S. attorney for the Northern District of California, in July created a task force to pursue criminal charges related to stock option backdating. The group includes investigators from the U.S. attorney’s office, the Internal Revenue Service and the Federal Bureau of Investigation.
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