BACKDATED STOCK OPTIONS
 

Shapiro Haber & Urmy LLP Now Investigating Stock Options Backdating Practices By Barnes & Noble

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

Regarding Barnes & Noble, as reported in The Wall Street Journal, "The New York bookseller said on July 12 that its board’s audit committee will conduct a review of the company’s stock-option practices after a shareholder filed a lawsuit alleging that the company improperly backdated dozens of options grants to executives. Barnes & Noble said there was “no merit” to the suit. On July 21, the company said the SEC is conducting an informal inquiry into its options practices. The company said Aug. 29 that it has received a subpoena from the U.S. Attorney's Office for the Southern District of New York related to its options practices.  On April 4, 2007, the company said its special committee found "numerous instances" of improper backdating but no intent to defraud. Barnes & Noble will take a $45.5 million charge.”

If you are a current stockholder in Barnes & Noble 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.