BACKDATED STOCK OPTIONS
 

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

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

Regarding Medarex, as reported in The Wall Street Journal, "On May 24, the biopharmaceutical company said it had received a letter of informal inquiry from the SEC that said requested documents "related to Medarex's stock option grants and practices." On June 15, Medarex said it received a grand jury subpoena from the U.S. attorney’s office in New Jersey. On August 18, the company declared that it plans to restate its financial results for 2000 through the first fiscal quarter of 2006 following the company's review of its historical stock option grant practices.”

If you are a current stockholder in Medarex 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.