The SEC announced that Prudential Equity Group, formerly known as Prudential Securities, Inc., agreed to pay a total of $600 million in a global settlement with the SEC, the United States Attorney’s Office for the District of Massachusetts, the Massachusetts …
Year: 2006
Taking Care in Making Accusations of Wrongful Conduct in the Option Backdating Cases
An editorial in the New York Times today decries the widening scandal in corporate America over backdated options, noting that over 100 companies are under government investigation or conducting internal inquiries regarding their options practices. The article goes on to argue …
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