BACKDATED STOCK OPTIONS
 

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

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

Regarding Intuit, as reported in The Wall Street Journal, "The Mountain View, Calif., software maker disclosed on June 9 that it was the subject of an informal SEC probe of its stock options. Intuit said it launched an internal review earlier in the wake of a report that said options granted in May 2000 carried a moderate risk of backdating. On June 29, Intuit said it has received a subpoena from the U.S. Attorney for the Northern District of California seeking documents concerning the company's practices. On Aug. 16, Intuit said a review of its stock-option-granting practices uncovered no evidence of fraud or intentional wrongdoing, and that the company doesn't anticipate having to restate results.  On Oct. 30, the company said the SEC closed its investigation into the software maker's stock-option accounting practices without taking any punitive action."

If you are a current stockholder in Intuit 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.