BACKDATED STOCK OPTIONS
 

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

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

Regarding Brooks Automation, as reported in The Wall Street Journal, "The Chelmsford, Mass., maker of semiconductor gear said in late April that it has begun a review of options grants. On May 12 it said it received notice of an informal SEC review; later it said two board members resigned; and on May 22 it said it had received a Justice Department subpoena. On July 31 Brooks Automation said two former outside directors and its former chief executive signed a "false" document permitting the CEO to exercise an expired stock option for millions of dollars in profit. The disclosure came as the company restated several years of earnings to account for options-related accounting problems.”

If you are a current stockholder in Brooks Automation 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.