Staples backdating settlement dating college women
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.
against certain current and former directors and officers of the company on December 15, 2006 in the Delaware Court of Chancery.
This action was brought to recover damages caused to Staples as a result of the Defendants' alleged systematic backdating of Staples stock options issued to the Defendants and others, in violation of Staples's stock option plans.
NEW YORK (Reuters) - Office supplies retailer Staples Inc SPLS.
As reported by Bloomberg News, the Court commented that this was a good settlement with meaningful relief obtained. — Staples Inc., the world’s largest office supply retailer, won a judge’s approval of a .25 million settlement of a shareholder lawsuit that accused company officials of wrongly backdating stock-option grants. Travis Laster also awarded investors’ lawyers .5 million in fees and expenses, to be paid by Staples, according to court papers.Staples executives and directors denied any wrongdoing as part of the settlement.Staples said the agreement involves no admission of wrongdoing and is subject to final approval by the Court of Chancery of the State of Delaware.
Shapiro Haber & Urmy LLP filed a shareholder derivative action on behalf of Staples, Inc.* Staples to receive .25 mln in insurance proceeds * Plaintiff to apply for .5 mln for attorney fees NEW YORK, April 16 (Reuters) - Office supplies retailer Staples Inc SPLS.