Staples backdating settlement speed dating howard county

Posted by / 21-Jan-2020 10:45

Staples backdating settlement

As the controversy over the suit continues, the SEC dismissed its most significant charges against David Stockman and the other defendants in a financial fraud case to obtain a settlement.

O said on Friday that it has reached a settlement in a lawsuit relating to its historical stock option granting practices.Previously, the SEC announced a tentative settlement with Schottenfeld Group which had been submitted to Judge Rakoff for consideration as discussed here.The jury returned not guilty verdicts on sixteen of twenty counts in the case against Mr.“This, I think, is a good settlement,’’ Laster said at a hearing yesterday.“Meaningful relief was obtained.’’“The settlement eliminates the burden, expense, and distraction of litigation that has been pending for more than three years, and is in the best interests of Staples and our shareholders,’’ Owen Davis, a spokesman for Staples, said in an e-mailed statement.

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The not guilty verdicts were on counts which include mail and wire fraud, securities fraud and filing false proxy statements.

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