BACKDATED STOCK OPTIONS
 

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

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

Regarding King Pharmaceuticals, as reported in The Wall Street Journal, "The Bristol, Tenn., pharmaceutical company said on Nov. 10 that a review of its option grants found that the company used "incorrect" and "favorable" dates for a series of options granted to its employees in 2000 and 2001. King said the review "concluded that there was no fraud or manipulation of financial results with the intent to mislead investors." The company added that it will record an expense of $3.59 million in its third-quarter results to account for understatements of compensation for the 2000-2006 period.”

If you are a current stockholder in King Pharmaceuticals 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, Sophie Horowitz.  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.