BACKDATED STOCK OPTIONS
 

Shapiro Haber & Urmy LLP Now Investigating Stock Options Backdating Practices By The Cheesecake Factory

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

Regarding The Cheesecake Factory, as reported in The Wall Street Journal, "On July 19, the Calabasas Hills, Calif., restaurant operator announced that the Audit Committee of its Board of Directors, which is comprised solely of independent directors, is reviewing the company's practices relating to its stock-option grants. The company said this voluntary review was initiated in response to recent media and Wall Street reports regarding the option granting practices at numerous publicly traded companies, and is being conducted with the assistance of special outside legal counsel. On Aug. 3, the company said the SEC has made an informal inquiry into its previous stock-option granting practices. On Aug. 15, the company said the board's investigation continues and indicated needed adjustments "would likely be material ... resulting in a restatement of the Company's previously issued consolidated financial statements."”

If you are a current stockholder in The Cheesecake Factory 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.