The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
Got scoops? Comments? Send'em on, care of
2/04/2008
KLA Backdating Case Reaches $65 Million Conclusion
Former KLA General Counsel to Face Backdating Charges
Things I've Been Meaning to Tell You
Whew...One More for Today - Executives Bail at KLA-Tencor on Options Irregularities
KLA Backdating Case Reaches $65 Million Conclusion
The final figures aren't out but KLA has reportedly signed a letter of agreement to settle class action litigation brought against the firm in relation to a $935 million loss of market cap resulting from reports of stock option backdating.
Word of the looming settlement comes from a 10-Q statement KLA recently filed with the SEC. Lawyers in the case are calling this one of the biggest awards yet in backdating-related litigation.
This won't end the problems for KLA, which is still facing several shareholder derivative suit and multiple state and Federal investigations.
-- MDT
8/15/2007
Word of the looming settlement comes from a 10-Q statement KLA recently filed with the SEC. Lawyers in the case are calling this one of the biggest awards yet in backdating-related litigation.
This won't end the problems for KLA, which is still facing several shareholder derivative suit and multiple state and Federal investigations.
-- MDT
Labels: backdating, KLA-Tencor, settlement, stock options
Former KLA General Counsel to Face Backdating Charges
According to Law.com, by September 30 the SEC plans to file stock option backdating-related civil charges against Lisa Berry of KLA in connection with backdating irregularities at KLA-Tencor and Juniper Networks. Berry currently works for Tellme Networks.
For more on the Berry and KLA, check out Law.com.
-- MDT
7/31/2007
For more on the Berry and KLA, check out Law.com.
-- MDT
Labels: backdating, Juniper Networks, KLA-Tencor, Lisa Berry, stock options
Things I've Been Meaning to Tell You
There are plenty of stories The Daily Caveat doesn't get the chance to write about. There isn't enough time in the day for all the shenanigans, scullduggery and schaedenfreud one finds in the daily business and legal news.
Given that, here are some things I've been meaning to tell you, and if I don't do it now, they are likely to slip all the way off the radar:
-- MDT
10/17/2006
Given that, here are some things I've been meaning to tell you, and if I don't do it now, they are likely to slip all the way off the radar:
- The former CEO of Brooks Automation, Robert J. Therrien, is facing tax evasion charges...
- Cardinal settles with the SEC for $35 million on inflated earnings reports...
-- MDT
Whew...One More for Today - Executives Bail at KLA-Tencor on Options Irregularities
In Sapient-esq style, a founder, board member and the firm's GC were all cut loose in relation to backdating. Read it here.
--MDT
--MDT
Labels: KLA-Tencor
Create a Link