Securities
May 8, 2010
Tech Firm Reaches Options Deal
Maxim Integrated Products announced it will pay $173 million in cash to settle a class action with shareholders who claimed they were defrauded by the company's failure to disclose option backdating.
Daily Journal Staff Writer
The government's effort to prosecute executives who backdated stock options may be winding down, but companies continue to deal with the civil fallout: Maxim Integrated Products announced it will pay $173 million in cash to settle a class action with shareholders who claimed they were defrauded by the company's failure to disclose option backdating.
Maxim disclosed the settlem...
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