BACKDATED STOCK OPTIONS
 

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

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

Regarding Meade Instruments, as reported in The Wall Street Journal, "On June 13 the Irvine, Calif., optical-products maker disclosed that it received a notice of informal inquiry from the SEC following a May 22 Journal report that highlighted questionable stock-option grants. Between 1998 and 2002, its founder received six option grants. Two were dated at yearly-low closing prices. Another tied for a quarterly low. Immediately after one particularly well-timed grant, dated March 3, 2000, shares more than tripled over the next 20 trading days. The Journal's statistical analysis indicates that the likelihood of a pattern as favorable, or more favorable -- without regard to share price -- is about one in 800,000. The company's general counsel said he believed all options were granted properly."

If you are a current stockholder in Meade Instruments 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.