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Backdating case against ex-McAfee GC abandoned
One of the most high-profile actions against a general counsel for illegal backdating of share options has failed after US regulators this week dropped charges against ex-McAfee legal head Kent Roberts. The Securities and Exchange Commission (SEC) dropped its charges against Roberts in a court filing on Thursday (19 March). Roberts, who had been accused of backdating stock options for himself and others at McAfee in 2000, had already beaten criminal charges before a San Francisco federal jury in October."It is a complete vindication for Kent," said William Freeman, the Cooley Godward Kronish partner who represented Roberts, along with partners Stephen Neal and Neal Stephens.
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