BACKDATED STOCK OPTIONS
 

Shapiro Haber & Urmy LLP Now Investigating Stock Options Backdating Practices By McAfee Inc.

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

Regarding McAfee Inc., as reported in The Wall Street Journal, "On May 30, McAfee ended the employment of General Counsel Kent Roberts after an internal review of the company's employee stock options revealed an improper grant involving Roberts in 2000. McAfee announced on May 25 it is in informal talks with the SEC in connection with its stock-options practices. On June 9, McAfee disclosed it received a document subpoena pursuant to a formal SEC investigation. On July 27, McAfee said findings from a review of its practices and accounting for stock-option grants will force it to restate prior results for at least one, and possibly several, past periods. On Aug. 18, the company said it received a grand jury subpoena from the U.S. attorney’s office for the Northern District of California relating to the termination of Roberts.  On Oct. 11, George Samenuk has resigned as the company's chairman and chief executive in the wake of findings of a stock-options probe. The board terminated the employment of Kevin Weiss as president."

If you are a current stockholder in McAfee Inc. 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.