Semiconductor equipment maker KLA-Tencor emerged Wednesday from an SEC backdating probe with barely a scratch, avoiding fraud charges and penalties entirely. This is probably the result, some in the defense bar say, of its extensive cooperation with the SEC -- and an aggressive internal investigation carried out by Richard Marmaro, a partner with Skadden, Arps, Slate, Meagher & Flom. The SEC sang KLA's praises and sent a message to other companies about the value of cooperation in its press release.
July 26, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Semiconductor equipment maker KLA-Tencor emerged Wednesday from a Securities and Exchange Commission backdating probe with barely a scratch.
This is probably the result, some in the local defense bar say, of its extensive cooperation with the SEC — and an aggressive internal investigation carried out by Richard Marmaro, a partner with Skadden, Arps, Slate, Meagher & Flom.
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