Government action against stock-option backdating violations appeared to gain momentum last week with guilty pleas from two of the seven company executives slapped with criminal charges in the probes that began last year. But there are those who believe that the pace remains sluggish for the corporate fiasco that SEC Chairman Christopher Cox said "appears to be a pandemic of crooked accounting." Complexities abound in pursuing companies and executives, with both civil and criminal authorities involved.
February 23, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Government action against stock-option backdating violations appeared to gain momentum last week with guilty pleas from two of the seven company executives slapped with criminal charges in the probes that began last year.
There are those who believe, however, that the pace remains sluggish for the largest corporate fiasco of 2006.
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