Teakell delivers proven representation for companies and individuals in a variety of white-collar and other criminal defense matters, including grand jury proceedings and internal investigations involving allegations of fraud, bribery, embezzlement, insider trading, stock option backdating
, tax evasion, and public corruption.
Altschuler has successfully litigated cases relating to multi-billion dollar buyouts, investment stakes, tender offers and contests for corporate control, breach of fiduciary duty, financial and accounting fraud, insider trading, requests for company books and records, stock option backdating
, as well as many of the largest corporate bankruptcies in history.
In other words, newly granted options induce CEOs to engage in either option backdating
or downwards earnings management.
We recently announced a settlement of litigation over stock option backdating
that had cost the company hundreds of millions of dollars.
Enron Corporation, Parmalat SpA, Larry Ellison, stock option backdating
, earnings management, Guam (I testified at a trial there for six weeks).
LexisNexis unit Mealey's (New York) has released "Mealey's Litigation Update: Stock Option Backdating
," an executive summary that includes a collection of 57 case summaries and litigation updates reporting on complaints, motions, briefs, other pleadings, settlements and rulings involving stock options backdating litigation.
to what many perceive as apparent abuses: option backdating
He stepped down as chairman and CEO in late 2006, the most prominent casualty in a stock option backdating
scandal that has hit dozens of companies.
Pervasive option backdating
scandals have affected many public companies.
The most recent scandals associated with option backdating
, the 2005 adoption by the Financial Accounting Standards Board (FASB) of Financial Accounting Standard No.
Stock option backdating
can also have significant tax consequences for the company and option recipient.
Most option backdating
probably falls into this category.