Defense and plaintiffs lawyers are pointing to the recent settlement of a stock-options backdating case — which featured options “givebacks” from executives — as a model likely to be followed in similar cases.
The derivative case, involving Family Dollar Stores Inc., alleges that the retail chain, along with 13 current and former executives and officers, violated federal and state laws by diverting hundreds of millions of dollars of corporate assets to themselves by granting backdated stock options to company insiders.
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