BACKDATED STOCK OPTIONS
 

Shapiro Haber & Urmy LLP Now Investigating Stock Options Backdating Practices By Asyst Technologies

Shapiro Haber & Urmy LLP is currently investigating stock options backdating practices at over 100 companies, including Asyst Technologies.

Regarding Asyst Technologies, as reported in The Wall Street Journal, "The Fremont, Calif.-based semiconductor manufacturing equipment maker on June 13 announced a delay in its annual filing, while a special committee of independent directors conducts an inquiry into past stock option grants and practices. Asyst disclosed that it received a letter dated June 7 from the SEC requesting documents relating to stock options granted from 1997 to the present. Asyst said it is cooperating in the SEC's inquiry. Asyst said June 28 it received a grand jury subpoena from the U.S. District Court for the Northern District of California requesting documents related to stock-option grants.”

If you are a current stockholder in Asyst Technologies and would like to learn about your legal rights in seeking to remedy improper options backdating at the company, please click here or call 800-287-8119 to contact our paralegal, Victoria Bird.  Our initial consultation and case assessment will be done at no charge or obligation to you.

Shapiro Haber & Urmy LLP is a leading force in bringing lawsuits on behalf of shareholders who own stock in corporations implicated in the rampant and ongoing stock options backdating scandal.  Led by attorneys Edward F. Haber and Michelle H. Blauner, our firm has already filed numerous cases, in both state and federal courts, concerning the improper backdating of stock options granted to officers, directors, and executives who appear to have used backdated stock options to create for themselves tens, or even hundreds, of millions of dollars in profit and unrealized gain at the direct expense of their corporations.

To learn more about our efforts targeting unlawful corporate stock options practices at corporations nationwide, please click here to view our main stock options backdating webpage, which contains detailed explanations of stock options, option backdating, and why option backdating can be illegal.  Also featured are complaints filed by our firm in other stock options backdating cases, as well as a full list of all the corporations we are currently investigating.