Tencor scandal options backdating
The company's ongoing internal investigation had also delayed the release of its latest quarterly earnings results and led to the suspension of Myron Olesnyckyj, the company's senior vice president, general counsel and secretary.
When Mc Kelvey resigned as CEO, he was replaced by William Pastore.
Securities Fraud Class Actions (Total as of latest update = 39): 1. Amkor Technology (see discussion of this case here) 3.
Newpark Resources (see discussion of this case here) 24. Pain Care Holdings (see discussion of this case here).
Mc Kelvey, quit his board seat and refused to sit for questions from fellow board members. Mc Guire quit as chairman earlier this month and will resign as CEO by Dec. So far, federal authorities have filed charges against former officials of two technology companies.
Monster Worldwide, parent of the world's largest job search Web site, announced Mc Kelvey's resignation on Monday. attorney's office in the Southern District of New York over stock options and has said it wants to complete its own investigation by the end of the year. companies have disclosed internal inquiries or government investigations and at least 39 executives and board directors at 19 companies have been fired or resigned. And Securities and Exchange Commission Chairman Christopher Cox said on Monday that he expected more such charges in the coming days.
Zoran Corp ERISA or 401(k) Litigation (Total as of latest update = 5): 2. The lawsuits allege that the terms of the deal are not fair to M-Systems shareholders.
Top executives who have recently resigned from other companies over options investigations include: United Health Group Inc. About Mc Kelvey, he said, "He doesn't want to answer questions because anything he says can be used against him in any criminal investigation.
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Broadcom is among Gartner's Top 10 Semiconductor Vendors by revenue. In 2012, Broadcom's total revenue was .01 billion. 327 on the Fortune 500, having climbed 17 places from its 2012 ranking of No. Broadcom shareholders held 32% of the new Singapore-based company to be called Broadcom Limited.
Hock Tan, Avago President and CEO, was named CEO of the new combined company. Samueli became Chief Technology Officer and member of the combined company's board, and Dr.He may already be a target, we don't know." Backdating involves issuing stock options retroactively to coincide with low points in a company's share price, potentially increasing profits for recipients when they sell their shares at higher prices.