BACKDATED STOCK OPTIONS
 

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

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

Regarding CA, as reported in The Wall Street Journal, "On June 29, the software maker formerly known as Computer Associates announced it would delay the filing of its annual report after uncovering problems with its stock-options program. In a statement, the company said an internal review found that some options were given to employees as much as two years after they were approved by the board. CA said delays could force the company to restate results for past periods. On Aug. 1 the company released its restatement, resulting in a total increase in noncash compensation of $342 million for the 10-year period from 1996 through 2006, on a pretax basis.”

If you are a current stockholder in CA 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.