Hubbell inc and backdating stock options l a dating feb 15
Awarding employees with stock options those are dated prior to the actual grant date.The date chosen could be one when the company’s stock was at a low, so the options can be in-the-money at the time of granting itself.Take the beloved and equally reviled Martha Stewart.In the 1990s, Stewart was revered for her homemaking skills, her cookbooks and TV shows, and the empire built around the Martha Stewart brand.
The company attempted to impede the unionization by hiring additional employees that were against the union.
Anderson settled his case, but Heinen is still on the hook and expects to go to trial sometime next year.
Mather, Anderson and Heinen, through their lawyers, have strenuously denied wrongdoing.
Ann Mather, who worked as chief financial officer of Pixar Animation Studios before then-chief executive Jobs dealt Pixar to Walt Disney Co.
The move came almost exactly a year after the SEC filed similar charges against former Apple CFO Fred Anderson and former general counsel Nancy Heinen.
The Law Society of Upper Canada Ontario Discipline Committee determined that backdating the employment contracts was for the purpose of misleading a third party, and suspended the solicitor for a period of twelve months.