A group of pension funds reached a settlement Monday with Mercury Interactive Corp. for $117.5 million related to the backdating of stock options. The settlement is the largest in the history of backdating class action lawsuits, says Christopher Keller, a partner at Labaton Sucharow, which represented the funds. It was more than six times larger than the largest previous backdating settlement, which totaled $18 million.
October 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A group of pension funds reached a settlement Monday with Mercury Interactive Corp. for $117.5 million related to the backdating of stock options, the group’s law firm said.
The settlement is the largest in the history of backdating class action lawsuits, said Christopher Keller, a partner at Labaton Sucharow LLP, which represented the funds. It was more than six times larger than the largest previous backdating settlement, which totaled $18 million.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
