BACKDATED STOCK OPTIONS
 

Shapiro Haber & Urmy LLP Now Investigating Stock Options Backdating Practices By BEA Systems

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

Regarding BEA Systems, as reported in The Wall Street Journal, "The company said on Aug. 16 that its board is reviewing past option grants with the assistance of outside legal counsel. The company said it may be forced to change its accounting of past option grants, which could have a negative impact on past results.  The company said on Feb. 14, 2007, that it plans to restate its financial statements from its 1998 through 2007 fiscal years, after a review of its historic stock option grant practices. The San Jose developer of transaction-and message-management software said the review found most options granted between June 1997 and June 2006 were dated incorrectly. Among other findings, the review also found some members of senior management appear to have chosen grant dates with the benefit of hindsight in a number of grants, most made before 2003.”

If you are a current stockholder in BEA Systems 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.