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Corporate

Apr. 23, 2010

Much Ado About Backdating

The former chief financial officer of San Francisco software company Embarcadero Technologies Inc. has agreed to settle civil charges of stock options backdating brought against him by the Securities and Exchange Commission.

By Rebecca Beyer

Daily Journal Staff Writer

The former chief financial officer of San Francisco software company Embarcadero Technologies Inc. has agreed to settle civil charges of stock options backdating brought against him by the Securities and Exchange Commission. In a settlement finalized Wednesday by U.S. District Judge Charles R. Breyer, Raj P. Sabhlok agreed to pay a total of $500,000. Sabhlok did not admit to or deny any of the alle...

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