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Securities

Jun. 11, 2010

Atmel GC Settles Backdating Suit

Atmel Corp.'s former general counsel, Mike Ross, has reached a settlement over his alleged role in stock options backdating.

By Craig Anderson

Daily Journal Staff Writer

Atmel Corp.'s former general counsel, Mike Ross, has reached a settlement to resolve a complaint against him for his alleged role in stock options backdating at the San Jose-based semiconductor company.

Under terms of the agreement, filed Tuesday, Ross pays no money and does not admit wrongdoing. Atmel's own insurer would pay $1.7 million to the company to resolve the deriva...

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