BACKDATED STOCK OPTIONS
 

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

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

Regarding Biomet, as reported in The Wall Street Journal, "The Warsaw, Ind., maker of orthopedic devices on Dec. 18 formed a special committee to investigate stock-option grants from 1996 to the present to determine whether it had any claims arising out of any inappropriate stock-option backdating. Biomet said it appears that a substantial number of stock-option grants were issued as of dates other than when the grants were actually made to take advantage of a lower stock price on the date of the issue. Biomet also said it appears that some members of senior management were aware of the practice. The company said correcting errors in the stock-option grants may have a material effect of historical and current financial statements, but said it wasn't able to say past or current financial statements shouldn't be relied upon.”

If you are a current stockholder in Biomet 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.