Tuesday, May 23, 2006

U.S. Expands Inquiry Into Stock Options

The LA Times is reporting, through Bloomberg, that the US Attorney's office in New York, and the SEC are expanding their investigations in to back dated opton grants and have sent requests for information to Juniper, F5, Brooks and Openwave.

It is unclear whether those requests are informal document requests or subpoenas, but the issue of back dating options may be more widespread than initially thought. According to press reports, at least 15 issuers have recevied information or document requests.
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