BACKDATED STOCK OPTIONS
 

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

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

Regarding Molex, as reported in The Wall Street Journal, "The Lisle, Ill., maker of electronic components said on Aug. 2 that some of its executives will voluntarily pay the company $685,000 to cover gains from "misdated" stock options. CEO Martin Slark said the errors arose because the person responsible for the option-plan administration plugged the wrong dates into a computer system, sometimes being a few days off. The company said it informed the SEC about the matter.  On Oct. 5, the company said it received a subpoena from the office of the U.S. Attorney for the Northern District of Illinois relating to its stock-option practices. The company said on Oct. 31 it faces an informal inquiry into its option granting processes by the SEC."

If you are a current stockholder in Molex 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.