Stock Option Issues Lead to SEC Investigation, Restatements and Litigation
By J. Mark Poerio, Barry G. Sher, William F. Sullivan, Michael L. Zuppone and Jonathan Choa
The practice of backdating a stock option’s grant date was first brought to widespread public attention in a November 11, 2005 article in The Wall Street Journal. How did the dating of stock option grants become the next big corporate scandal, and just how important is it to public companies to understand the ramifications of the scrutiny of grant practices?