"Options Backdating" Issues Heat Up

As you have undoubtedly read recently, The Wall Street Journal and other media have been beating the drum loudly over whether public companies have “backdated” their options grants such that executives have reaped improper windfall profits. We previously reviewed many of the substantive issues raised by options backdating in our December 2005 webcast titled “Options Backdating: What to do Before the SEC Comes Calling”.

This LawFlash updates developments in the controversy, proposes initial steps general counsel and other senior corporate managers might wish to consider taking in response, and describes the interdisciplinary team working on these issues at Morgan Lewis.

For the full story, please view the PDF.